Logo of SICO Saudi REIT Fund
SICO Saudi REIT signed, on Oct. 1, a non-binding memorandum of understanding (MoU) with Al-Forsan Al-Zahabia Co. to study operating three hotel properties in Makkah, fund manager SICO Capital said in a bourse filing
These properties are Eskan Towers 4, 5 and 6.
The lease contract for Eskan Tower 5 expired in December 2021, while the lease contracts for the other two will expire in December 2022, the statement added.
No relevant impact was determined.
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