Al Rajhi REIT Fund updates terms, conditions

30/01/2022 Argaam
Logo of Al Rajhi REIT Fund

Logo of Al Rajhi REIT Fund

Al Rajhi Capital announced updating the terms and conditions of Al Rajhi REIT Fund, as follows:

 

Medad Al Khair Real Estate was appointed to conduct the handover from the former tenant, Al-Fouzan Trading and General Contracting Co., and to act as property manager for Anwar Plaza and Rama Plaza.

 

The property seizure on the 26.4 million units owned by Alkhaleej Training and Education Co. will be maintained until the necessary approvals are obtained.

 

Alkhaleej Training is the master tenant of Baraem Rowad Al Khaleej International Kindergarten, Riyadh, Rowad Al Khaleej International Schools in Riyadh, Rowad Al Khaleej International Schools in Dammam.

 

Earlier this month, Al Rajhi Capital updated the terms and conditions of Al Rajhi REIT Fund, as of Jan. 26, 2022, Argaam reported.

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