Wasatah Capital completes transfer of Al Jawhara Building to Alwaha REIT

11/08/2025 Argaam
Logo ofAlwaha REIT Fund

Logo of Alwaha REIT Fund

Wasatah Capital said it completed regulatory procedures to transfer Al Jawhara Residential Building to Alwaha REIT Fund as part of the additional offering.

 

The company added that additional units will be deposited in investors’ portfolios once all formalities are finalized.

 

In June 2024, Wasatah Capital, as fund manager, announced board approval to raise Alwaha REIT’s asset value by acquiring the income-generating Al Jawhara Residential Building in Riyadh’s Al Nakheel district for SAR 46 million, excluding real estate transaction tax, according to Argaam’s data.

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