January 9, 2018 / 6:31 AM / 6 months ago

BRIEF-Mulkia Gulf Real Estate REIT Acquires Stake in Vivienda Hotel Villas Al Hada

Jan 9 (Reuters) - MULKIA INVESTMENT COMPANY:

* MULKIA GULF REAL ESTATE REIT ACQUIRES 76 PERCENT STAKE IN VIVIENDA HOTEL VILLAS AL HADA FOR 95 MILLION RIYALS

* ACQUISITION WILL BE FINANCED IN PART THROUGH ANY OFFERING SURPLUS AVAILABLE IN FUND OF 18 MILLION RIYALS, 77 MILLION RIYALS BY BORROWING FROM LOCAL BANKS Source text for Eikon: Further company coverage: )

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