SEDCO Capital REIT extends MoU for property purchase in Dubai for 30 days

09/01/2024 Argaam
Logo ofSEDCO Capital REIT Fund

Logo of SEDCO Capital REIT Fund

Saudi Economic and Development Securities Co. (SEDCO Capital), the manager of SEDCO Capital REIT, extended a memorandum of understanding (MoU) to purchase an educational complex in the UAE for an additional 30 working days.

 

In a statement to Tadawul, the company said this extension is intended to complete the due diligence, both legal and technical, for the property.

 

Last November, SEDCO Capital signed a MoU to purchase an educational complex in the UAE for AED 160.5 million, excluding any fees related to the acquisition, according to available data on Argaam.

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