Logo ofSEDCO Capital REIT Fund
The Saudi Economic and Development Securities Company (SEDCO Capital), in its capacity as manager of SEDCO Capital REIT, announced that it signed yesterday, Dec. 29 a contract to sell Riyadh’s Al Jazeera Residential Compound for SAR 100.75 million, excluding real estate transaction tax and any other fees related to the sale.
In a statement to Tadawul, the company said the fund acquired the property in May 2018.
The acquisition price amounted to SAR 67.47 million, and accordingly, the sale is expected to generate a 49% increase compared to the acquisition cost.
Based on the latest audited financial statements, the property’s book value stood at SAR 63.8 million, as of Jun. 30, 2025, reflecting expected gains of 55%.
Logo ofSEDCO Capital REIT Fund
The Saudi Economic and Development Securities Company (SEDCO Capital), in its capacity as manager of SEDCO Capital REIT, announced that it signed yesterday, Dec. 29 a contract to sell Riyadh’s Al Jazeera Residential Compound for SAR 100.75 million, excluding real estate transaction tax and any other fees related to the sale.
In a statement to Tadawul, the company said the fund acquired the property in May 2018.
The acquisition price amounted to SAR 67.47 million, and accordingly, the sale is expected to generate a 49% increase compared to the acquisition cost.
Based on the latest audited financial statements, the property’s book value stood at SAR 63.8 million, as of Jun. 30, 2025, reflecting expected gains of 55%.
