Muscat Capital - Al Masha'ar REIT Fund (SASE:4337) signed memorandum of understanding to acquire i- Offices for SAR 135 million on March 1, 2021. On March 21, 2021 Muscat Capital - Al Masha'ar REIT Fund (SASE:4337) signed an agreement to acquire i- Offices for SAR 135 million. The deal is expected to be financed from the currently available Shariah Compliant loan facility signed between Riyad Bank and Al Mashaar REIT fund. The property has three tenants, out of which two include Al Rajhi Takaful and Amlak International. Mashaar will acquire the property on a 100% occupancy basis. For the year ended December 31, 2020 i- Offices recorded the revenue of SAR 10.5 million. The deal is expected to close within 20 days from MOU.