SICO Saudi REIT Fund signs “Non-Binding” MoU with Al-Forsan ‎Al-Zahabia

SICO Capital Company, as the fund manager of SICO Saudi REIT, announces the signing of a memorandum of understanding “Non-Binding” with Al-Forsan Al-Zahabia Company on 01/10/2022 AD corresponding to 05/03/1444H, in order to study operating three hotel properties in Makkah Al-Mukarramah (Eskan Tower 4) and (Eskan Tower 5) and (Eskan Tower 6).

Additional Information:

This is as the properties (Eskan Tower 4) and (Eskan Tower 6) lease contracts will expire in December 2022 AD, as for the (Eskan Tower 5) the lease contract expired in December 2021 AD.