SAUDI ARABIA: Jadwa Investment has signed a sale and purchase agreement worth SAR190 million (US$50.61 million) for a property owned by Jadwa REIT Saudi Fund in the Saudi city of Dammam.
Proceeds from the sale may be used by the investment management firm to acquire more accretive income-generating real estate assets, and partially pay off existing bank facilities to alleviate the financial liabilities of the fund.
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