‎MEFIC REIT signs contract to manage 2 Riyadh properties

‎MEFIC REIT signs contract to manage 2 Riyadh properties ‎MEFIC REIT signs contract to manage 2 Riyadh properties

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The agreement will take effect on July 28.

MEFIC Capital, the fund manager of MEFIC REIT, signed a one-year renewable agreement with Dur Al Osool Co. to manage and operate the Diyafa Building and Souq Sharq Complex in Riyadh, the company said in a Tadawul filing.

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The agreement will take effect on July 28.

MEFIC Capital said the move is expected to reduce operating costs and improve the fund’s net returns.

 

The agreement will take effect on July 28.

MEFIC Capital, the fund manager of MEFIC REIT, signed a one-year renewable agreement with Dur Al Osool Co. to manage and operate the Diyafa Building and Souq Sharq Complex in Riyadh, the company said in a Tadawul filing.

The agreement will take effect on July 28.

MEFIC Capital said the move is expected to reduce operating costs and improve the fund’s net returns.

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