Al Mashaar REIT extends Riyadh warehouses purchase deal for 3 months

Muscat Capital extended the agreement to acquire warehouses in Riyadh for Al Mashaar REIT, for 3 months, effective March 30, the company said in a statement to Tadawul.

The fund manager expects a positive impact from the transaction to appear on the company’s Q2 2020 financials.

In December last year, Muscat Capital signed an agreement to acquire 8 warehouses in Riyadh for Al Mashaar REIT, for a total amount of SAR 129.15 million, according to data compiled by Argaam.