Alkhabeer REIT acquires Alfarabi Colleges, training building in Riyadh

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.