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Al-Azizia REIT reports asset growth from acquisition
Capital Brokerage Company, the manager of Al-Azizia REIT Fund, announced that the Fund's Board of Directors has approved increasing asset value through the acquisition of developed commercial usufruct rights in Riyadh valued at up to 52 million SAR. The transaction will be financed by issuing new units for the Fund, aiming to enhance its performance and increase value for investors, subject to obtaining the necessary regulatory approvals. The deal involves usufruct rights for two properties, excluding taxes and expenses, located within the commercial sector in Riyadh. This aligns with the Fund's strategy to maximize returns from high-quality assets.
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