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Derayah REIT Secures Eviction Judgment Worth SAR 46M
DERAYAH REIT 4339.SA | 5.18 | -0.38% |
On February 23, 2026, Derayah Financial Company announced material developments regarding the Smart Tower property in its Derayah REIT Fund. The company secured a final eviction judgment against previous tenant Al Thamra Al Hadetha Company and terminated the lease agreement, while enforcement orders totaling SAR 46 million have been issued against the former tenant. The fund manager is transferring subcontracts directly from the previous tenant to the fund and pursuing legal procedures to collect outstanding rent. These developments are expected to enhance property management capabilities and increase the fund's cash flow through direct rent collection from current tenants.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=93266&anCat=1&cs=4339&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.


