Logo ofAlJazira Capital
AlJazira Capital renewed a lease with Petromin Co.for Warehouse No. 2 in Block No. 10, “Second Compound,” located in the Al-Khumrah area of Jeddah. 
The property, owned by AlJazira REIT Fund, spans approximately 10,000 sqm, according to a statement to Tadawul.
The three-year lease commenced on May 1, 2026, with the annual rent at SAR 1.35 million (excluding VAT).
The company expects the transaction to have a positive financial impact on the fund’s revenues in 2026, as the rent under the new agreement is 59% higher than earlier.
Logo ofAlJazira Capital
AlJazira Capital renewed a lease with Petromin Co.for Warehouse No. 2 in Block No. 10, “Second Compound,” located in the Al-Khumrah area of Jeddah.
The property, owned by AlJazira REIT Fund, spans approximately 10,000 sqm, according to a statement to Tadawul.
The three-year lease commenced on May 1, 2026, with the annual rent at SAR 1.35 million (excluding VAT).
The company expects the transaction to have a positive financial impact on the fund’s revenues in 2026, as the rent under the new agreement is 59% higher than earlier.
