Mulkia Gulf REIT announces partial reopening of West Avenue Mall

30/04/2020 Argaam

 

Mulkia Investment Company, the fund manager of Mulkia Gulf Real Estate REIT Fund, announced today the partial reopening of West Avenue 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.

 

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, Mulkia Investment announced the temporary closure of West Avenue Mall, in line with the Kingdom’s efforts to control the spread of COVID-19.

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