MEFIC Capital said extending the Plaza 1 usufruct agreement was not commercially viable
MEFIC REIT Fund said its board of directors approved on June 25 a decision not to renew the usufruct contract for the Plaza 1 property beyond its original term, which will expire in July 2026. 
This came as the contract renewal is not deemed commercially viable, fund manager, MEFIC Capital, said in a statement to Tadawul.
MEFIC Capital said extending the Plaza 1 usufruct agreement was not commercially viable
MEFIC REIT Fund said its board of directors approved on June 25 a decision not to renew the usufruct contract for the Plaza 1 property beyond its original term, which will expire in July 2026.
This came as the contract renewal is not deemed commercially viable, fund manager, MEFIC Capital, said in a statement to Tadawul.
