MEFIC REIT Signs Contract with Dor Al-Osoul Company to Manage and Operate Two Properties in Riyadh
Logo of MEFIC REIT. Middle East Financial Investment Company (MEFIC Capital), the manager of MEFIC REIT, announced the Board of Directors' approval of a non-fundamental change consisting of signing a contract with Dor Al-Osoul Company to manage and operate the Hospitality Building and Souk Sharq Complex in Riyadh. It stated that the management and operation contract extends for one year, renewable, expecting this change to reduce operating costs and enhance the fund's net returns. The company in a statement today on Tadawul indicated that this change will take effect as of July 28, 2026.
MEFIC REIT Signs Contract with Dor Al-Osoul Company to Manage and Operate Two Properties in Riyadh
Logo of MEFIC REIT Fund
Middle East Financial Investment Company (MEFIC Capital), the manager of MEFIC REIT, announced the Board of Directors' approval of a non-fundamental change consisting of signing a contract with Dor Al-Osoul Company to manage and operate the Hospitality Building and Souk Sharq Complex in Riyadh.
It stated that the management and operation contract extends for one year, renewable, expecting this change to reduce operating costs and enhance the fund's net returns.
The company in a statement today on Tadawul indicated that this change will take effect as of July 28, 2026.
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Original source: Argaam
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