Jadwa REIT Saudi Signs 3-Year Al Sulay Warehouses Management Deal
JADWA REIT SAUDI 4342.SA | 0.00 |
On August 5, 2026, Jadwa Investment Company, acting as manager of Jadwa REIT Saudi Fund, announced the signing of a management, operation, and leasing contract for Al Sulay Warehouses Complex with Sareed Development and Real Estate Investment Company as the new operator. The contract, which commenced on August 2, 2026, carries a term of three years and covers responsibilities including leasing, marketing, managing, operating, and supervising maintenance of the complex. Jadwa Investment confirmed that no related party relationship exists with the newly appointed operator. The arrangement is expected to have a positive impact on the Fund's financial results in the third quarter of 2026.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97304&anCat=1&cs=4342&locale=arNote: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.
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