Bonyan REIT manager says Al Rafiah Compound tenant not planning to renew lease contract

22/11/2022 Argaam

Bonyan REIT manager says Al Rafiah Compound tenant not planning to renew lease contract

Logo of Bonyan REIT Fund

Saudi Fransi Capital, the manager of Bonyan REIT Fund, announced receiving a notification from the tenant of Al Rafiah Village Compound that it does not plan to renew the lease contract that will expire on May 4, 2024.

 

In a statement to Tadawul, the fund manager said the compound will continue to be 100% occupied for additional 17.5 months until the expiry of the lease contract on May 4, 2024.

 

As a result, there is no immediate impact from this event, the statement added.

 

The fund manager will disclose any relevant developments in due course.

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