Jadwa REIT Saudi to extend Boulevard Riyadh purchase agreement for additional 60 days

Jadwa REIT Saudi Fund agreed to extend agreement to purchase Boulevard Riyadh for SAR 320 million to additional 60 days, as of the end date of the original term, fund manager Jadwa Investment said in a bourse filing today, Sept. 1.

The fund signed, on March 3, an agreement to purchase Boulevard Riyadh for SAR 320 million, and the agreement was subject to finalizing the required technical and legal due diligence and other regulatory approvals within 180 days from the agreement date, Argaam reported.

The relevant financial impact, which is forecast to appear on H1 2021 financials, will remain intact, the statement added.

Updates will be duly revealed, it added.