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

About this update from 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, RIYADHEXPECTED TRANSACTION VALUE: SAR 707 MILLIONSELLER 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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