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Alnma Reit Hotel to buy 10% of fund units
Alinma Financial Company announced that the Board of Directors of Alinma Hotel REIT Fund has approved the purchase of up to 10% of its units, approximately 10.2 million units, aiming to benefit from current prices and to deploy them in expansion operations or resale. The purchased units will be retained as treasury units for use in exchanges against new real estate and hotel assets. The acquisitions will be carried out directly from the financial market within a period not exceeding 12 months, subject to the approval of the unit owners, with a focus on transparency and fairness. The funding will come from sources such as credit facilities or surplus cash flows.
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