SEDCO Capital REIT acquires real estate portfolio of 8 income-generating properties

30/12/2021 Argaam

Logo of SEDCO Capital REIT Fund

Saudi Economic and Development Securities Co. (SEDCO Capital), in its capacity as the fund manager of SEDCO Capital REIT Fund, announced completing the acquisition of a real estate portfolio of eight income-generating properties located across Riyadh and the Eastern Province, according to a bourse statement.

 

The fund manager will complete transferring the ownership and listing the additional units within 60 business days from the end of the additional offering period.

 

The acquisition is a continuation of the fund’s strategy to add value to its unitholders by acquiring high-quality real estate assets that add value to the fund's real estate portfolio.

 

Consequently, this development is expected to positively contribute to the fund's overall performance.

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