Logo ofAl Rajhi REIT Fund
Al Rajhi REIT Fundannounced the early termination of the lease contract with Alfaris International Schools ahead of the original June 30, 2026 expiry date, the fund manager Al Rajhi Capital stated, adding that a new lease agreement was signed with Al Rowad International Schools Co. 
The new lease, which starts on Aug. 1 and lasts for 30 years, has an annual rent of SAR 15.5 million, with a 5% increase every three years, the company said in a statement on Tadawul.
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The new lease boosts rent by 55% (compared to the terminated contract) and will positively impact Q3 2025 results, the statement added.
Logo ofAl Rajhi REIT Fund
Al Rajhi REIT Fundannounced the early termination of the lease contract with Alfaris International Schools ahead of the original June 30, 2026 expiry date, the fund manager Al Rajhi Capital stated, adding that a new lease agreement was signed with Al Rowad International Schools Co.
The new lease, which starts on Aug. 1 and lasts for 30 years, has an annual rent of SAR 15.5 million, with a 5% increase every three years, the company said in a statement on Tadawul.
For more news on listed companies
The new lease boosts rent by 55% (compared to the terminated contract) and will positively impact Q3 2025 results, the statement added.
