SICO Saudi REIT extends agreement to acquire commercial property in Riyadh

Logo of SICO Capital Co.

SICO Capital Co., manager of SICO Saudi REIT Fund, announced the extension of its agreement to acquire a commercial property in Riyadh for an additional 30 days starting from the expiry of the original term.

There will be no impact from the extension of the agreement, the fund manager said in a bourse filing.

On March 20, SICO Capital signed an agreement to acquire a commercial property in Riyadh for SAR 448 million, excluding real estate tax, pursuit and acquisition expenses, Argaam reported.

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