MEFIC REIT cuts operational cost for Plaza 1 in Riyadh

02/07/2024 Argaam
Logo ofMEFIC REIT Fund

Logo of MEFIC REIT Fund


Middle East Financial Investment Co. (MEFIC Capital) announced an update to the terms and conditions of the MEFIC REIT Fund, according to a statement to Tadawul.

 

The fund signed an annex to the management and operation contract, which includes reducing the operational costs for Plaza 1 property located in Riyadh with the current operator, Sustainable Properties Co.

 

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