AlAhli REIT 1 ends contract to operate hotel near Alandalus Mall

05/01/2021 Argaam

 AlAhli REIT Fund 1 logo

NCB Capital Co., the fund manager of AlAhli REIT 1, announced today, Jan. 5, 2021, the mutual termination of the contract with Holiday Inns Middle East Ltd. to operate a hotel adjacent to Alandalus Mall.

 

The hotel will temporarily continue operations, NCB Capital said in a statement to Tadawul.

 

The event is not expected to have a material effect on the fund’s income in the current period, it added.

 

Any related development will be announced in due course.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.