MEFIC REIT Inks Property Management Deal With Dur Al Osool

MEFIC REIT

MEFIC REIT

4346.SA

0.00

On July 14, 2026, Middle East Financial Investment Company (MEFIC Capital) announced that the Fund's Board of Directors has approved a non-fundamental change to MEFIC REIT Fund, effective July 28, 2026. The fund has signed a management and operation agreement with "Dur Al Osool" to manage and operate the Dhiyafa and Souq Sharq properties, with the contract extending for one year and subject to renewal. The fund manager expects this change to yield positive outcomes by reducing operational costs and enhancing the fund's net returns.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96765&anCat=1&cs=4346&locale=ar

Note: 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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