In line with directives issued by the Government of Saudi Arabia to safeguard its citizens and residents, and to contain spread of coronavirus (COVID-19), Saudi Fransi Capital announces that Bonyan REIT Fund will temporarily close its malls in the Kingdom of Saudi Arabia. However, in line with the directive of the Ministry of Municipal and Rural Affairs, supermarkets and pharmacies within the malls will remain open.
The operations of Bonyan REIT Fund are committed to be in full compliance with all existing and future directives of the relevant authorities of the Kingdom of Saudi Arabia in all efforts to contain the spread of the virus with the health and safety of employees, customers and the public being top priority.
The Fund Manager and the Fund Board of Bonyan REIT Fund would like to assure all stakeholders that they retain the utmost confidence and optimism in both the Saudi economy and the positioning and quality of Bonyan REIT Fund properties in the long term. In absence of a confirmed duration for the closure, the Fund Manager cannot presently determine full financial impact of closure on the Fund. The Fund Manager will actively monitor the situation and will ensure that any material developments are announced in due course.
The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.