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Al Aziziah Reit Fund Signs Lease Deal with Amlak International Finance for Riyadh Property

MT Newswires·09/24/2026 10:08:48
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10:08 AM EDT, 09/24/2026 (MT Newswires) -- Al Aziziah Reit Fund (SASE:4337) signed a contract to lease 1,400 square meters of space in the I-Offices property in Riyadh, Saudi Arabia, to Amlak International Finance (SASE:1182). The 11.3 million-Saudi-riyal contract covers space in Building C and will run from Oct. 25, 2026, to Dec. 31, 2030, according to a Thursday release. The lease expands the financing company's presence at the property, where it already occupies Building D. The real estate fund expects the deal to have a positive financial impact, with the annual rental value of the leased space increasing to 2.7 million riyals from 1.6 million riyals.