AlAhli REIT Fund announces partial reopening of AlAndalus Mall

29/04/2020 Argaam

 

NCB Capital Company, the fund manager of AlAhli REIT Fund 1, announced today the partial reopening of AlAndalus Mall while complying with the required precautionary and preventive measures.

 

The reopened commercial activities will be subject to continuous evaluation by the competent authorities, the fund manager said in a bourse filing. However, activities that do not fulfill the precautionary measures, such as entertainment venues, restaurants and coffee shops, will remain closed.

 

The fund manager noted that it is currently difficult to estimate the financial impact of the move and will disclose any developments in due course.

 

In March, NCB Capital announced the temporarily closure of AlAndalus Mall in Jeddah, in line with the Kingdom’s efforts to control the spread of COVID-19.

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