For inquiries
Riyadh, Saudi Arabia
Al-Inma Financial Company, in its capacity as the director of the Al-Inma REIT Hotel Fund, set November 8, 2026 as the date for the meeting of the owners of the Fund’s units to discuss the proposal to purchase 10.2 million of its units, representing 10% of the total issued units.
The company explained, in a statement published on the Saudi Stock Exchange website, that the Board of Directors of the Fund believes that the current market price of the units is less than their fair value, pointing out that the purchase is aimed at keeping the purchased units as treasury units, in preparation for their use in swap operations in exchange for the acquisition of new assets, or resale in the future.
Sources of financing for the procurement of the Fund units
The company stated that the financing of the repurchase of the units will depend on one or more sources, according to the interests of the owners of the units, and the available sources include the credit facilities of the Fund, along with the surplus cash flows, provided that its use does not affect the cash distributions.
The agenda of the meeting includes voting on the Fund’s repurchase program for its units, with a maximum of 10.2 million units, equivalent to 10% of the issued units, with the Fund’s Director authorized to carry out the purchases within 12 months from the date of the Fund’s special decision.
The proposals put to the vote also include granting the Board of Directors of the Fund the power to take a future decision to change the purpose of the repurchase of the units, so that the process is directed to cancel the units instead of keeping them as treasury units.
The treasury units that the fund will buy will not have any voting rights in the meetings of the unit owners.
Execution of cross-market purchases
Al-Inma Financial confirmed that the implementation of the unit buyback program, in the event that it obtains the approval of the owners of the units, will be through the financial market directly, without resorting to special deals.
She pointed out that the treasury units that the Fund will buy will not enjoy any voting rights in the meetings of the unit owners, pointing out that the timing of the implementation of purchases and their volume will be subject to market developments and unit price levels.
The company stressed that the decision to carry out the purchases remains subject to the discretion of the fund manager, according to market conditions, and does not represent a mandatory obligation to implement the entire target amount.
Previous approval from the Board of Directors of the Fund
Al-Inma Financial Company, in its capacity as the director of the Al-Inma REIT Hotel Fund, announced that it had received the approval of the Board of Directors of the Fund on October 16, 2026, on the proposal to purchase 10.2 million units of its units.
The call for the meeting of the owners of the units scheduled for November 8 to present the proposal and the decisions associated with it for a vote, in preparation for taking the necessary measures if approved.
For more Information contact: www.dxrprop.ae
Call/WhatsApp: +971501090635
Email: alnashra2013@gmail.com
– To write a special article about the name of your organization or company, you can write to the following email: