**AlJazira REIT Renews Warehouse Lease at 62.5% Higher Rate**
ALJAZIRA REIT 4331.SA | 0.00 |
On July 9, 2026, Aljazira Capital announced the renewal of a lease contract for Warehouse No. 3 of Block No. 10 ("Third Compound"), spanning 11,229 square meters in the Al-Khomrah area of Jeddah, owned by AlJazira REIT Fund. The tenant, Hamad M. Al Rugaib & Sons Trading Co., has entered into a five-year lease commencing July 1, 2026, and expiring June 30, 2031, at an annual rental price of SAR 1,459,770 (excluding VAT). The new rental price represents a 62.5% increase over the previous contract, with the financial impact expected to be positive on the fund's revenues for 2026.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96701&anCat=1&cs=4331&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.
