Alinma Hospitality REIT unitholders to vote on 10.2M unit buyback on Nov. 8

Logo of Alinma Hospitality REIT Fund

Alinma Capital will hold a meeting of Alinma Hospitality REIT unitholders on Nov. 8, 2026, to discuss the fund’s repurchase of 10.2 million of its own units, representing 10% of its issued units.

In a statement to Tadawul, the fund manager said its board believes the current unit price is below fair value.

The buyback aims to hold the units as treasury units for use in swaps to acquire new assets or for future sale.

The fund manager added that the fund would finance the buyback through its credit facilities and surplus cash flows, provided distributions are not affected.

The proposed resolutions include approving a program for the fund to buy back its own units for retention as treasury units, up to a maximum of 10.2 million units (10% of issued units) and authorizing the fund manager to complete the purchase within 12 months from the date of the fund’s relevant resolution.

The second resolution also aims to authorize the fund’s board to decide in the future whether to change the buyback's purpose to cancel these units.

If unitholders approve the proposed resolutions, the fund will execute the buyback through the market rather than via a private transaction, the statement added.

Alinma Capital also said treasury units the fund buys will carry no voting rights at unitholder meetings. The buyback will depend on market developments and the unit price. Accordingly, the decision to purchase will remain at the fund manager’s discretion and will not be mandatory.

According to data available on Argaam, Alinma Capital recently announced that the fund’s board approved buying back 10.2 million of its own units on Oct. 16, 2026.