Alkhabeer REIT Fund (SASE:4348) agreed to acquire Vision College for Education on January 4, 2021. In a related transaction, Alkhabeer REIT also agreed to acquire Akun Warehouses in Jeddah. The Fund is acquiring the properties at less than their estimated value of SAR 313.4 million against the average estimated value of the two properties of SAR 316.3 million, according to the latest evaluation reports. As of June 7, 2021, Alkhabeer REIT will use proceeds from its second additional offering to fund the acquisition. Subscriptions for the second additional offering commenced on May 30, 2021, and will end on June 17, 2021. The additional shares are priced at SAR 9.03, inclusive of subscription fees and VAT on the subscription fees. As of January 4, 2021, Capital Market Authority approved the transaction. Alkhabeer REIT Fund (SASE:4348) completed the acquisition of Vision College for Education on June 27, 2021.