AlAhli REIT 1 Fund’s new lease agreement has a total value of SAR 207 million, based on a rental rate of SAR 41.4 million per year
AlAhli REIT 1 Fund concluded a new five-year lease agreement for one of its assets, Qbic Plaza, SNB Capital in its capacity as the fund manager said in a statement to Tadawul. 
The new lease agreement carries a total contract value of SAR 207 million, based on a rental rate of SAR 41.4 million per year (including VAT), the statement added.
The fund manager further anticipates that this transaction will have a positive impact on the fund’s profitability and strengthen its financial position, thereby enhancing returns for its unitholders.
According to data available on Argaam, Qbic Plaza is a three-story commercial office complex located in the Al-Ghadeer district on King Abdulaziz Road in Riyadh, built on a land area of 17,440 square meters, with a leasable area of 21,253 square meters.
AlAhli REIT 1 Fund’s new lease agreement has a total value of SAR 207 million, based on a rental rate of SAR 41.4 million per year
AlAhli REIT 1 Fund concluded a new five-year lease agreement for one of its assets, Qbic Plaza, SNB Capital in its capacity as the fund manager said in a statement to Tadawul.
The new lease agreement carries a total contract value of SAR 207 million, based on a rental rate of SAR 41.4 million per year (including VAT), the statement added.
The fund manager further anticipates that this transaction will have a positive impact on the fund’s profitability and strengthen its financial position, thereby enhancing returns for its unitholders.
According to data available on Argaam, Qbic Plaza is a three-story commercial office complex located in the Al-Ghadeer district on King Abdulaziz Road in Riyadh, built on a land area of 17,440 square meters, with a leasable area of 21,253 square meters.
