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13/12/2017 11:56 AST
Referring to the demand of existing tenants to reduce the rent and due to the current changes in the real estate market and based on the study and recommendations of the Director of Real Estate (Mawten Real Estate Co.) and recommend the reduction of rents and current market prices to ensure the maintenance of current operating rates. The Board of Directors of AlJazira Mawten REIT Fund announced on 12/12/2017 that it has agreed to reduce the current rents of the warehouses owned by it in the Khomrah area of Jeddah, which will have a financial impact of approximately 13% of the total income of the Fund starting on 2018.
Tadawul
Ticker | Price | Volume |
---|---|---|
SABIC | 114.77 | 5,915,941 |
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