Aljazira REIT extends warehouse lease with B.P.
The strength of Al Jazirah REIT lies in renewing a warehouse lease in Jeddah with Petro Rabigh for three years, with a lease increase of 59%. The annual rental value now stands at 1.35 million SAR. This renewal reflects an improvement in the property's return and is expected to positively impact the fund's financial results starting in 2026, thereby supporting future revenues and cash flows.
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