BRIEF-SEDCO Capital REIT Fund Board Approves Signing Of MoU To Acquire An Office Tower Located In Riyadh

SEDCO CAPITAL REIT

SEDCO CAPITAL REIT

4344.SA

0.00

June 29 (Reuters) - SEDCO CAPITAL REIT FUND 4344.SE:

  • BOARD APPROVES SIGNING OF MOU TO ACQUIRE AN OFFICE TOWER LOCATED IN AL YASMIN DISTRICT, RIYADH

  • EXPECTED TRANSACTION VALUE: SAR 707 MILLION

  • SELLER COMMITTED TO A MANDATORY LEASEBACK FOR A PERIOD OF THREE YEARS,

  • PROPERTY GENERATING AN ANNUAL RENTAL INCOME OF ABOUT SAR 69 MILLION

Source text: ID:nSSE4PZT8l

Further company coverage: 4344.SE


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