SEDCO Capital REIT extends deal to sell Jeddah property for 30 days

Logo of SEDCO Capital REIT Fund

SEDCO Capital, in its capacity as SEDCO Capital REIT Fund’s manager, announced extending the agreement to sell Atelier La Vie property in Jeddah for an additional 30 business days, ending on Dec. 1, 2025.

In a statement to Tadawul, the company said the deal is pending the completion of the remaining purchase price payment and finalizing the deed transfer process.

It noted that an additional refundable deposit check worth SAR 5 million has been received from the buyer.

According to Argaam’s data, SEDCO Capital signed, on July 27, an agreement to sell Atelier La Vie property in Jeddah for SAR 515 million, excluding real estate transaction tax and any sales-related fees.

The buyer paid a non-refundable deposit of SAR 5 million, with the remaining amount to be settled and the ownership transfer completed within 60 business days, extendable by written agreement between the two parties.