Batic subsidiary buys Riyadh property for SAR 39.5M

Logo of Batic Investments and Logistics Co.

Batic Investments and Logistics Co. announced that its wholly-owned subsidiary, Batic Real Estate Co., completed the SAR 39.5 million purchase and transfer of a property today, Oct. 31, excluding VAT and broker fees.

In a statement on Tadawul, Batic disclosed that 66% of the purchase was financed via credit facilities from Bank Albilad, with the remaining 34% covered by internal resources.

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The 16,000-square-meter property comprises six newly-built warehouses in Riyadh’s Taibah district, fully leased for SAR 3.65 million annually, with an expected yield of 8.7%.

The acquisition raises Batic Real Estate’s investment assets by SAR 41.97 million and adds SAR 3.65 million to its annual revenue.

The deal, structured under standard terms, was conducted between Batic Real Estate as the buyer and Hanan Baqader as the seller, with no related parties involved.

This aligns with Batic’s strategy to pursue logistics sector opportunities through land purchases, development, or acquisitions in Riyadh, aiming to leverage sector growth and secure sustainable returns for shareholders.