Logo of SEDCO Capital REIT Fund
SEDCO Capital REIT Fund board of directors approved today, Nov. 12, the signing of a sale agreement for the Hyper Panda property – Al Hamdaniyah District Branch, Jeddah, in a deal worth SAR 47 million (excluding real estate transaction tax and any other fees related to the sale). 
In a statement to Tadawul, SEDCO Capital, in its capacity as fund manager, noted that the fund acquired the property in April 2018 for SAR 39.3 million. Accordingly, the sale value is expected to represent a 19.6% premium compared to the acquisition price.
It added that the book value of the property as of June 30, 2026 (according to the latest audited financial statements) amounted to SAR 37 million, reflecting an expected gain of 27%.
The total rental income recorded from the acquisition date until June 30, 2026 (according to the latest audited financial statements) amounted to SAR 24.1 million.
Accordingly, total proceeds from that investment (comprising the sale value plus rental revenues) amount to approximately SAR 71 million, representing 181% of the acquisition cost, according to the statement.
SEDCO Capital pointed to the potential utilization of the sale proceeds to partially repay existing bank facilities, which would contribute to reducing the fund’s financing costs.
It expects that the impact resulting from this event will be generally positive on the fund’s performance and results, subject to the completion of the transaction. It noted that any material developments related to this matter will be disclosed in due course.
Logo of SEDCO Capital REIT Fund
SEDCO Capital REIT Fund board of directors approved today, Nov. 12, the signing of a sale agreement for the Hyper Panda property – Al Hamdaniyah District Branch, Jeddah, in a deal worth SAR 47 million (excluding real estate transaction tax and any other fees related to the sale).
In a statement to Tadawul, SEDCO Capital, in its capacity as fund manager, noted that the fund acquired the property in April 2018 for SAR 39.3 million. Accordingly, the sale value is expected to represent a 19.6% premium compared to the acquisition price.
It added that the book value of the property as of June 30, 2026 (according to the latest audited financial statements) amounted to SAR 37 million, reflecting an expected gain of 27%.
The total rental income recorded from the acquisition date until June 30, 2026 (according to the latest audited financial statements) amounted to SAR 24.1 million.
Accordingly, total proceeds from that investment (comprising the sale value plus rental revenues) amount to approximately SAR 71 million, representing 181% of the acquisition cost, according to the statement.
SEDCO Capital pointed to the potential utilization of the sale proceeds to partially repay existing bank facilities, which would contribute to reducing the fund’s financing costs.
It expects that the impact resulting from this event will be generally positive on the fund’s performance and results, subject to the completion of the transaction. It noted that any material developments related to this matter will be disclosed in due course.
