Alkhabeer REIT Fund (SASE:4348) agreed to acquire Elegance Office Tower, AlFarabi Colleges building and under construction AlFarabi Colleges training building on June 16, 2020. Consideration will be funded issue of additional units of SAR 722.8 million. Transaction is subject to shareholder approval. Acquisition will have positive impact on the performance and results of the fund. Alkhabeer REIT Fund completed the acquisition of AlFarabi Colleges building and AlFarabi Colleges training building on September 14, 2020.