Aljazira Capital Announces the Occurrence of Specific Event to AlJazira REIT

ALJAZIRA REITTadawulJuly 9, 2026View on exchange

AI Summary

Al-Jazira Capital has renewed a five-year lease agreement with Hamad M. Al Rugaib & Sons Trading Co. for an 11,229-square-meter warehouse in Jeddah owned by Al-Jazira REIT Fund.
The new lease term runs from July 1, 2026, to June 30, 2031, with an annual rental value of SAR 1,459,770 excluding VAT.
The new rental rate represents a 62.5% increase over the previous price, which is expected to positively impact the fund's 2026 revenues.

Element List	Explanation
Introduction	Al-Jazira Capital announces the renewal of the lease contract for Warehouse No. (3( of Block No. 10 (“Third Compound”), with an area of 11,229 square meters, with the tenant “Hamad M. Al Rugaib & Sons Trading Co.” for the warehouse located in Al-Khomrah area in Jeddah and owned by Al-Jazira REIT Fund, where the lease period will be for Five years. Thus, the rental details for the tenant are as follows:
Description of the Event	- Lease start date: 01/07/2026 - Lease expiry date: 30/06/2031 - Duration of the lease contract: 5 years - Annual rental price: SAR 1,459,770 excluding VAT.
The Impact Caused by the Event	The financial impact of the deal is expected to be positive on the fund’s revenues for the year 2026, as rental price for the new contract is 62.5% higher than the previous rental price.

Element List

Explanation

Introduction

Al-Jazira Capital announces the renewal of the lease contract for Warehouse No. (3( of Block No. 10 (“Third Compound”), with an area of 11,229 square meters, with the tenant “Hamad M. Al Rugaib & Sons Trading Co.” for the warehouse located in Al-Khomrah area in Jeddah and owned by Al-Jazira REIT Fund, where the lease period will be for Five years.

Thus, the rental details for the tenant are as follows:

Description of the Event

- Lease start date: 01/07/2026

- Lease expiry date: 30/06/2031

- Duration of the lease contract: 5 years

- Annual rental price: SAR 1,459,770 excluding VAT.

The Impact Caused by the Event

The financial impact of the deal is expected to be positive on the fund’s revenues for the year 2026, as rental price for the new contract is 62.5% higher than the previous rental price.