Bonyan REIT signs SAR 121.4M lease contract for Al Rafiah Village Compound

Logo of Bonyan REIT Fund

Saudi Fransi Capital, the manager of Bonyan REIT Fund, announced the signing of a new lease contract for Al Rafiah Village Compound for a period of five years and six months at a total value of SAR 121.4 million. 

 

The contract will be effective as of Feb. 1, the fund manager said in a statement to Tadawul. 

 

The contract is expected to have a positive financial impact on the fund’s profitability, the statement added, indicating that the property will maintain a 100% occupancy rate. 

 

According to data available on Argaam, the fund manager announced in November 2022, after receiving a notification from the tenant of Al Rafiah Village Compound that it does not plan to renew the lease contract that will expire on May 4, 2024.

Comments 0

Be the first to comment

loader Train
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Market Indices

TASI
12,025.05
54.86 0.46 %
Created with Highstock 6.0.710:…10:0011:0012:0013:0014:0015:0013.4013.5013.6013.7013.80
Close : 13.60 | Mar 27, 15:15
More

Quotes

BONYAN REIT
9.45
0.11 1.18%
Created with Highstock 6.0.710:…10:0011:0012:0013:0014:0015:0013.4013.5013.6013.7013.80
Close : 13.60 | Mar 27, 15:15
More


Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2025, Argaam Investment, All Rights Reserved
Call Request

Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.

Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website