Mulkia REIT signs agreement to acquire new property in Riyadh for SAR 200M

Mulkia Gulf Real Estate REIT Fund signed an acquisition agreement to buy a new real estate property, Malathak Tower 2, in Riyadh's Al-Maathar neighborhood, Mulkia Investment Co., fund manager and operator, said in a statement to Tadawul.

Located in a central and highly populated location, the property is surrounded by several government agencies. The acquisition deal will likely reflect positively on the fund, diversifying its activity portfolio while boosting returns.