MEFIC Capital announces temporary closure of Riyadh’s shopping centers

16/03/2020 Argaam

MEFIC Capital, which manages MEFIC REIT Fund, temporarily closed all shopping centers in Riyadh, in line with the Kingdom’s efforts to control the spread of coronavirus, the fund manager said in a bourse filing on Monday.

 

It is currently difficult to estimate the related financial impact, as the fund’s centers will remain closed until further notice, MEFIC Capital noted.

 

Any related developments will be announced in due course, the statement added.

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