On June 25, 2026, Middle East Financial Investment Company (MEFIC Capital) announced that the MEFIC REIT Fund's Board of Directors approved a significant asset expansion totaling SAR 834,808,950. The fund will acquire a commercial complex in Jeddah for SAR 460,000,000 (66,588.5 sqm) and a development land plot in Makkah for SAR 355,000,000 (36,000.01 sqm), both excluding real estate transaction tax. The acquisitions will be financed through SAR 704,300,000 in in-kind units to sellers and SAR 130,508,950 in cash from a new units offering. The transactions remain subject to approvals from the Capital Market Authority, Saudi Exchange, and fund unitholders.

Original announcement:

Important 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.