Money and business
Al Waha REIT Fund signs a contract with “Abneyati”
The financial brokerage company (Wasatah Capital), in its capacity as manager of Al Waha REIT Fund, announced the signing of a maintenance contract with Abneyati Investment Company (owned by a related party).
The company said in a statement on the Saudi Tadawul: The contract to provide maintenance services for the Shahd Commercial Center and the Nakheel Residential Building is for a period of one year ending in January 2026 AD.
She added that the total value of the contract is 289.8 thousand riyals, which represents 1.45% of the fund’s total revenues based on the audited financial statements issued at the end of 2023.
She stated that the impact resulting from the occurrence of the event: improving building services and increasing efficiency.
The company said in a statement on the Saudi Tadawul: The contract to provide maintenance services for the Shahd Commercial Center and the Nakheel Residential Building is for a period of one year ending in January 2026 AD.
She added that the total value of the contract is 289.8 thousand riyals, which represents 1.45% of the fund’s total revenues based on the audited financial statements issued at the end of 2023.
She stated that the impact resulting from the occurrence of the event: improving building services and increasing efficiency.
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