Logo of MEFIC REIT Fund
MEFIC Capital, the fund manager of MEFIC REIT Fund, announced that the fund’s board of directors approved today, June 25, an increase in the total asset value, according to a Tadawul statement. 
This will be carried out through the acquisition of a developed and income-generating commercial complex in Jeddah, spanning 66,588.5 square meters (sqm), for SAR 460 million (excluding real estate transaction tax).
The acquisition will be financed through the issuance of in-kind units worth SAR 349.3 million to the seller, in addition to a cash consideration of SAR 110.7 million. The cash consideration will be financed from the proceeds of a cash units offering to investors amounting to SAR 130.51 million, the statement added.
In addition, the fund’s board approved the acquisition of a land plot designated for real estate development in Makkah, with a total area of 36,000 sqm. The purchase is valued at SAR 355 million, excluding real estate transaction tax. It will be financed through the issuance of in-kind units to the seller at SAR 355 million.
MEFIC Capital also indicated that the increase in the total value of the fund’s assets will amount to SAR 834.81 million, through in-kind and cash contributions, following the receipt of the required approvals for the aforementioned acquisitions.
This includes obtaining the go-aheads of the Capital Market Authority, the fund’s unitholders, and any other regulatory approvals, in accordance with the fund’s terms and conditions, MEFIC Capital said.
Upon completion of the transaction and the increase in the total value of the fund’s assets, there will be a positive impact on the fund, it added.
MEFIC Capital will announce any subsequent developments in due course.
Earlier this month, MEFIC Capital announced amendments to three previously signed conditional memoranda of understanding (MoUs) related to the fund’s potential acquisition of two properties in Jeddah and Makkah, as well as a usufruct right to a property in Jazan.
According to Argaam data, MEFIC Capital announced in November 2025 that it signed three conditional MoUs with different sellers to explore the acquisition of two properties in Makkah and Jeddah and a usufruct right in a property in Jazan.
Logo of MEFIC REIT Fund
MEFIC Capital, the fund manager of MEFIC REIT Fund, announced that the fund’s board of directors approved today, June 25, an increase in the total asset value, according to a Tadawul statement.
This will be carried out through the acquisition of a developed and income-generating commercial complex in Jeddah, spanning 66,588.5 square meters (sqm), for SAR 460 million (excluding real estate transaction tax).
The acquisition will be financed through the issuance of in-kind units worth SAR 349.3 million to the seller, in addition to a cash consideration of SAR 110.7 million. The cash consideration will be financed from the proceeds of a cash units offering to investors amounting to SAR 130.51 million, the statement added.
In addition, the fund’s board approved the acquisition of a land plot designated for real estate development in Makkah, with a total area of 36,000 sqm. The purchase is valued at SAR 355 million, excluding real estate transaction tax. It will be financed through the issuance of in-kind units to the seller at SAR 355 million.
MEFIC Capital also indicated that the increase in the total value of the fund’s assets will amount to SAR 834.81 million, through in-kind and cash contributions, following the receipt of the required approvals for the aforementioned acquisitions.
This includes obtaining the go-aheads of the Capital Market Authority, the fund’s unitholders, and any other regulatory approvals, in accordance with the fund’s terms and conditions, MEFIC Capital said.
Upon completion of the transaction and the increase in the total value of the fund’s assets, there will be a positive impact on the fund, it added.
MEFIC Capital will announce any subsequent developments in due course.
Earlier this month, MEFIC Capital announced amendments to three previously signed conditional memoranda of understanding (MoUs) related to the fund’s potential acquisition of two properties in Jeddah and Makkah, as well as a usufruct right to a property in Jazan.
According to Argaam data, MEFIC Capital announced in November 2025 that it signed three conditional MoUs with different sellers to explore the acquisition of two properties in Makkah and Jeddah and a usufruct right in a property in Jazan.
