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Aljazira Capital Announces the Occurrence of Specific Event to AlJazira REIT
| Element List | Explanation |
|---|---|
| Introduction | Al-Jazira Capital announces the renewal of the lease contract for Warehouse No. (3( of Block No. 10 (“Third Compound”), with an area of 11,229 square meters, with the tenant “Hamad M. Al Rugaib & Sons Trading Co.” for the warehouse located in Al-Khomrah area in Jeddah and owned by Al-Jazira REIT Fund, where the lease period will be for Five years. Thus, the rental details for the tenant are as follows: |
| Description of the Event | - Lease start date: 01/07/2026 - Lease expiry date: 30/06/2031 - Duration of the lease contract: 5 years - Annual rental price: SAR 1,459,770 excluding VAT. |
| The Impact Caused by the Event | The financial impact of the deal is expected to be positive on the fund’s revenues for the year 2026, as rental price for the new contract is 62.5% higher than the previous rental price. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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Last Price 11.38
Net Change -0.08 (-0.7%)
Value Traded (Sar) 106,110.16
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