AlJazira REIT renews warehouse lease contract for SAR 1.5M per year

03/09/2024 Argaam
Logo ofAlJazira Capital

Logo of AlJazira Capital

AlJazira Capital announced the renewal of a lease contract for warehouse No. 2, block No. 4 (Fifth Compound), owned by AlJazira REIT Fund, with the tenant, Hamad M. Al Rugaib & Sons Trading Co., at an annual lease of SAR 1.5 million.

 

The warehouse, which spans over an area of 12,507 square meters, is located in Al-Khomrah district, Jeddah, the fund manager said in a statement to Tadawul.

 

For more news on listed companies

 

The lease period will be three years, starting from Sept. 1, 2024, until Aug. 31, 2027.

 

The fund manager expects the contract renewal to positively impact the fund’s revenues for 2024, as the new contract is 50% higher than the previous lease.

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.