Logo ofAl Aziziah REIT Fund
Wasatah Capital, manager of Al Aziziah REIT Fund, signed a new lease agreement with Amlak International Finance Co. for 1,400 square meters in Building C of the iOffices property in Riyadh. 
The property was leased for SAR 2.69 million annually, excluding VAT, with the total contract value amounting to SAR 11.28 million over the full lease term.
In a statement to Tadawul, the fund manager said the lease term is from Oct. 25 to Dec. 31, 2030.
The new lease is expected to have a positive impact on the fund’s revenue, as the annual rental value increased 70.5% to SAR 2.695 million from SAR 1.58 million under the previous lease.
Logo ofAl Aziziah REIT Fund
Wasatah Capital, manager of Al Aziziah REIT Fund, signed a new lease agreement with Amlak International Finance Co. for 1,400 square meters in Building C of the iOffices property in Riyadh.
The property was leased for SAR 2.69 million annually, excluding VAT, with the total contract value amounting to SAR 11.28 million over the full lease term.
In a statement to Tadawul, the fund manager said the lease term is from Oct. 25 to Dec. 31, 2030.
The new lease is expected to have a positive impact on the fund’s revenue, as the annual rental value increased 70.5% to SAR 2.695 million from SAR 1.58 million under the previous lease.
