MEFIC REIT signs contract to manage and operate Dhiyafa property in Riyadh for one year

MEFIC Capital announced on Monday that MEFIC REIT fund has signed a management and operation agreement to manage and operate the Dhiyafa property with “Value Expert”. the management and operation contract will extend for one year, subject to renewal; Dhiyafa property comprise15 commercial units.

The Company said today on Tadawul that the Fund Manager expects that the results of this material development will be positive on the fund, and will announce any Material development at the time.