MEFIC REIT signs deal for operation of Dhiyafa property in Riyadh

19/02/2024 Argaam

MEFIC REIT signs deal for operation of Dhiyafa property in Riyadh

Logo of MEFIC REIT Fund

MEFIC REIT Fund signed an agreement with Value Experts Co. to manage and operate Dhiyafa property in Riyadh.

 

The management and operation contract extends for one year starting from March 1, 2024, subject to renewal, fund manager MEFIC Capital said in a statement to Tadawul.

 

The property comprises 15 commercial units.

 

MEFIC Capital expects that the results of this material development will be positive on the fund. Any material development will be announced, the statement added.

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