SNB Capital, in its capacity as the fund manager of AlAhli REIT Fund (1), announces the expiry of the lease contract for Salama Tower, located in the Al Salama district on Madinah Road in Jeddah. The property was previously fully leased to a master tenant under a 5-year contract. Going forward, the property will be managed and operated by a third-party property manager specializing in Jeddah office sector. The Fund Manager will announce any material updates in due course. |
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