Alkhabeer REIT Fund completed the acquisition of two real estate properties in Riyadh in order to boost assets, fund manager Alkhabeer Capital, said in a bourse filing.

 

The properties are Alfarabi Colleges and its under-construction training building in Ishbiliyah district.

 

Alkhabeer Capital aims to broaden the fund’s asset base and diversify its sources of income.

 

The acquisition will have a positive impact on the fund’s financials and performance, it noted.

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