SEDCO Capital REIT’s asset value hike to become effective on Dec. 26

SEDCO Capital REIT Fund announced that the planned increase of its total asset value will take place on Dec. 26, according to a bourse filing by fund manager, SEDCO Capital.

Last Thursday, SEDCO Capital REIT Fund’s unitholders approved increasing the total asset value by approximately SAR 702 million, during the unitholders’ meeting, held on Dec. 2.

The assets will be increased as SEDCO will offer additional units (whether cash or in-kind) to acquire additional real estate assets from SEDCO Capital Real Estate Income Fund II and to pay the related expenses and costs.