Logo ofAl Rajhi REIT Fund
Al-Rajhi Capital announced that Al Rajhi REIT Fund’s board of directors appointed Sustainable Property Co. to manage both Al Narjes Plaza and Oasis Mall properties after the end of the mandatory period of the rental contract for each property. 
Such change will become effective as of March 13, 2025, it added.
In a statement to Tadawul, the company said that, as for Al Narjis Plaza, this appointment will entail a property management fee of 8% of the rent collected, except for Tamimi Markets contract, which will be calculated as 5% of the rent collected until the end of the contract.
For more news on listed companies
As for Oasis Mall, this appointment will entail a property management fee of 7.5% of the rent collected, except for Landmark Markets contract, which will be calculated as 5% of the rent collected until the end of the contract, in addition to SAR 25,000 per month plus 5% from the collected rents of the new tenants as marketing and leasing fee for one year only, it added.
Logo ofAl Rajhi REIT Fund
Al-Rajhi Capital announced that Al Rajhi REIT Fund’s board of directors appointed Sustainable Property Co. to manage both Al Narjes Plaza and Oasis Mall properties after the end of the mandatory period of the rental contract for each property.
Such change will become effective as of March 13, 2025, it added.
In a statement to Tadawul, the company said that, as for Al Narjis Plaza, this appointment will entail a property management fee of 8% of the rent collected, except for Tamimi Markets contract, which will be calculated as 5% of the rent collected until the end of the contract.
For more news on listed companies
As for Oasis Mall, this appointment will entail a property management fee of 7.5% of the rent collected, except for Landmark Markets contract, which will be calculated as 5% of the rent collected until the end of the contract, in addition to SAR 25,000 per month plus 5% from the collected rents of the new tenants as marketing and leasing fee for one year only, it added.
