Jadwa REIT Saudi acquires Riyadh Boulevard commercial complex

28/10/2021 Argaam

Logo of Jadwa REIT Saudi Fund

Jadwa Investment Co., the fund manager of Jadwa REIT Saudi Fund, announced today, Oct. 28, the completion of the acquisition of Riyadh Boulevard, a prime commercial and office complex in Hittin district, Riyadh, upon finalizing the allocation process related to the increase of the fund's total asset value.

 

This acquisition will help to expand and diversify the fund's currently-owned asset base.

 

The fund manager expects the resulting impact of this acquisition to be positive on the performance and results.

 

On March 3, Jadwa Investment announced that the fund signed an agreement to purchase Boulevard Riyadh for SAR 320 million.

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