Announcements
Jadwa Investment Announces the Occurrence of Specific Event to Jadwa REIT Saudi Fund
Mon, 02 June 2025
Jadwa Investment Company, in its capacity as the manager of Jadwa REIT Saudi Fund (the “Fund”), announces of signing management, operation and leasing contract for Lafif Complex with Sareed Development and Real Estate Investment Company (the “New Operator”) of Lafif Complex, to carry out the responsibilities of leasing, marketing, managing, operating and supervising the maintenance of the complex.
Description of the event:
Jadwa Investment Company in its capacity as the manager of the Fund would like to announce that the procedures for signing the contract for the management, operation and leasing of the Lafif Complex property have been completed (the “Contract”) with Sareed Development and Real Estate Investment Company.
The Contract term is one year, and the Contract term begins on 01/06/2025G.
The Fund Manager also confirms that there is no related party regarding the appointment of the New Operator.
The Impact Caused by the Event:
It is expected that this shall have a positive impact on the Fund's financial results in the third quarter of the year 2025G.