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Alinma REIT Hotels plans 10% unit acquisition
Alinmaa Financial Company announced that the Board of Directors of Alinmaa REIT Fund has approved the purchase of up to 10% of its issued units, approximately 10.2 million units. The purpose is to take advantage of the current low prices and to deploy the units in expansion operations or resell them depending on market conditions. The purchases will be made as treasury units to finance new real estate and hotel acquisitions and will be carried out through diverse funding sources, with the condition of obtaining the unit owners' approval within 12 months. Implementation depends on market developments to ensure shareholder interests, and the transactions will be executed directly in the market to guarantee transparency.
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