Saudi Economic and Development Securities Company (SEDCO Capital), in its capacity as the Fund Manager of SEDCO Capital REIT Fund, announces the completion of the acquisition of a real estate portfolio of 8 income-generating properties located across Riyadh and the Eastern Province. Accordingly, the Fund Manager will complete the process of transferring the ownership and listing the additional units within 60 business days from the end of the additional offering period at the latest.

 

The acquisition is a continuation of SEDCO Capital REIT Fund’s strategy to add value to Fund’s unitholders by acquiring high-quality real estate assets that add value to the Fund’s real estate portfolio. Consequently, this development is expected to positively contribute to the overall performance of the Fund.