Salama Tower

Salama Tower

Salama Tower is located in a prime location in Al Salama district on Al Madina road close to Hira intersection. It is 25-minute drive from downtown and less than 10 minutes away from the new King Abdul Aziz International Airport, Jeddah.

The tower has 13 floors above ground and 1 basement floors and mezzanine floor. The tower comprises 84 offices, 4 showrooms, and 4 warehouses.

The tower is 100% leased for a period of 5 years. The tower is occupied by strong brand names such Samsung Gulf Electronics, Al Rajhi cooperative insurance company, Al Rajhi Takaful, Taajeer Group, Tim Hortons, National Aviation Services Company, Salama insurance company to name a few.

Location

Al Madina Road

Opreator

Jabal Idsas

Acquisition Price

SR 255,000,000

Fund Manager: NCB Capital is a Saudi Joint Stock Company with a paid up capital of SR1,000 million and is authorized by the Capital Market Authority of the Kingdom of Saudi Arabia with a license number 37-06046 granted by Capital Market Authority to carry out dealing, as principal and agent, and underwriting, managing, arranging, advising and custody, with respect to securities. NCB Capital Company, CR1010231474, the registered office is at King Saud Road, NCB Regional Building P.O. Box 22216, 11495 Riyadh, Kingdom of Saudi Arabia. +966 11 874 7106.

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