SEDCO Capital REIT buys SAR 125.8M office complex in Riyadh

Logo of SEDCO Capital REIT Fund

SEDCO Capital REIT Fund’s board of directors approved on Jan. 19 the signing of an agreement to buy an office complex located on Anas Bin Malik Road in Al Yasmin District, Riyadh, for SAR 125.8 million, excluding fees.

The asset is leased under a single-tenant contract to a government entity for three years, generating annual rental income of SAR 11.18 million, representing a gross annual yield of 8.9%, fund manager SEDCO Capital said in a statement to Tadawul.

The property has a net leasable area of 5,267 square meters.

The transaction was financed through the fund’s available credit facilities, in addition to proceeds from the sale of one of the fund’s properties.

SEDCO Capital expects the acquisition to have a generally positive impact on the fund’s real estate portfolio, as well as on its performance and financial results.

According to data available with Argaam, SEDCO Capital signed two non-binding memoranda of understanding (MoU) in May 2025 to acquire four office complexes in Riyadh.