The renewed five-year lease runs from Sept. 1, 2026, through Aug. 31, 2031.
AlJazira Capital renewed the lease agreement for Warehouse No. 1 in Block No. 10 (First Compound), covering an estimated 10,600 square meters, with the existing tenant, Hassan Ali Al-Touri Co. 
The warehouse, located in Al-Khomrah area of Jeddah and owned by AlJazira REIT Fund, was leased for SAR 1.5 million annually, excluding VAT.
In a statement to Tadawul, the fund manager said the lease term is five years, starting Sept. 1, 2026, and ending Aug. 31, 2031.
The new lease is expected to have a positive impact on the fund’s revenue in 2026, as the rental rate is 3.57% higher than under the previous lease.
The renewed five-year lease runs from Sept. 1, 2026, through Aug. 31, 2031.
AlJazira Capital renewed the lease agreement for Warehouse No. 1 in Block No. 10 (First Compound), covering an estimated 10,600 square meters, with the existing tenant, Hassan Ali Al-Touri Co.
The warehouse, located in Al-Khomrah area of Jeddah and owned by AlJazira REIT Fund, was leased for SAR 1.5 million annually, excluding VAT.
In a statement to Tadawul, the fund manager said the lease term is five years, starting Sept. 1, 2026, and ending Aug. 31, 2031.
The new lease is expected to have a positive impact on the fund’s revenue in 2026, as the rental rate is 3.57% higher than under the previous lease.
