Sedco Capital Reit FundTADAWUL: 4344

SEDCO Capital REIT Fund Board Approves Signing Of MoU To Acquire An Office Tower Located In Riyadh

· Issued by Sedco Capital Reit Fund

SEDCO CAPITAL REIT FUND TADAWUL:4344:

  • BOARD APPROVES SIGNING OF MOU TO ACQUIRE AN OFFICE TOWER LOCATED IN AL YASMIN DISTRICT, RIYADH

  • EXPECTED TRANSACTION VALUE: SAR 707 MILLION

  • SELLER COMMITTED TO A MANDATORY LEASEBACK FOR A PERIOD OF THREE YEARS,

  • PROPERTY GENERATING AN ANNUAL RENTAL INCOME OF ABOUT SAR 69 MILLION

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