RiyadREIT signed sale and purchase agreemnt with Higher Education Fund

15/10/2017 10:32 AST

Riyad REIT announces that on 12/10/2017 the fund signed a sale and purchase agreement with the Higher Education Fund to acquire the building of Saudi Electronic University located in Ar Rabi district at the intersection of Abi Bakr As Siddiq Road and Prince Saud Bin Mohammed Bin Muqrin Road in the north of Riyadh. The property totals 17,000 sqm of net leasable area and is situated on a 14,000 sqm land plot. The property is fully leased by the Ministry of Education for Saudi Electronic University with yearly net income of 12 million Saudi Riyals which will start immediately from transferring ownership. The fund will acquire the property for 137.65 million Saudi Riyals and will be financed through the fund capital increase announced on 22/5/2017.

Tadawul

News

SABIC says takes 350 million riyals impairment on steel unit

28/01/2018

Saudi Basic Industries Corp (SABIC) said on Sunday it took a 350 million riyals ($93.34 million) impairment on its steel unit, Hadeed, in the fourth quarter and still sees challenges in the steel mar

Reuters

Riyad Capital REIT to distribute $4m dividends

28/01/2018

Riyad Bank, one of the largest financial institutions in Saudi Arabia, said its investment banking arm is set to distribute dividends worth SR15 million ($4 million) to the unitholders of its real es

Trade Arabia

Riyad REIT announces CMA approval to changes to the Board of Directors

14/11/2017

Riyad REIT Fund announces Capital Market Authority approval on 12/11/2017 for changes to the Board of Directors effective on the 12th of November 2017. The changes will be as the following:

Tadawul