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Sabana Shari’ah Compliant Industrial REIT ( (SG:M1GU) ) just unveiled an update.
Sabana Industrial REIT has announced a material uncertainty regarding its ability to continue as a going concern, highlighted in the Independent Auditor’s Review Report by Ernst & Young LLP. This uncertainty is due to potential financial implications from the Internalisation Process, which involves the removal of SREIM as the manager, and the need to refinance or extend loan facilities due in March 2026. The removal of SREIM may trigger mandatory prepayment clauses in existing financing arrangements, impacting the REIT’s financial stability.
More about Sabana Shari’ah Compliant Industrial REIT
Sabana Shari’ah Compliant Industrial REIT is a real estate investment trust based in Singapore, focusing on industrial properties. It operates under the management of Sabana Real Estate Investment Management Pte. Ltd., offering Shari’ah compliant investment opportunities in the real estate sector.
Average Trading Volume: 269,211
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$450M
Learn more about M1GU stock on TipRanks’ Stock Analysis page.