Al Rajhi REIT inks new lease agreement with 55% rise in rental income

23/07/2025 Argaam
Logo ofAl Rajhi REIT Fund

Logo of Al Rajhi REIT Fund

Al Rajhi REIT Fund announced the early termination of the lease contract with Alfaris International Schools ahead of the original June 30, 2026 expiry date, the fund manager Al Rajhi Capital stated, adding that a new lease agreement was signed with Al Rowad International Schools Co.

 

 

The new lease, which starts on Aug. 1 and lasts for 30 years, has an annual rent of SAR 15.5 million, with a 5% increase every three years, the company said in a statement on Tadawul.

 

For more news on listed companies

 

The new lease boosts rent by 55% (compared to the terminated contract) and will positively impact Q3 2025 results, the statement added.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.