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Miefek Ret extends property deadline
The Middle East Financial Investment Company (MIFC Capital), manager of MIFC REIT, announced the extension of the deadlines for completing property acquisitions in Jeddah and Mecca until November 30, 2026, aiming to increase the value of the fund's assets. The plan to acquire a privilege right in Jazan has also been canceled due to the failure to reach a final agreement. It is expected that increasing the assets will enhance the fund's performance and achieve its investment objectives, subject to obtaining the necessary approvals from regulatory authorities and unit owners.
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