24 Hrs
Source:
مباشر
Source: مباشر
24 Hrsمباشر
Source: مباشر
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Hamad Mohammed Bin Saidan Real Estate Company announced the signing of a non-binding Memorandum of Understanding with Bloom Saudi Investment Company to establish a real estate fund named "H S Logistics Fund" with a total value of 325 million riyals. The fund aims to acquire and develop lands in Riyadh covering approximately 130,280 square meters, transforming them into logistics projects that include dry and refrigerated warehouses. The fund will operate, market, and sell these assets as income-generating properties over a period of three years, extendable for an additional two years. After this period, the fund will conclude and profit shares will be distributed. The memorandum is valid for six months or until the fund is established, pending approval from the Capital Market Authority.
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