The start of the eviction and demolition of the real estate asset of “Jadwa Reit Al-Haramain” in Makkah Al-Mukarramah
Jadwa Investment Company, in its capacity as manager of the Jadwa REIT Al Haramain Fund, announced the start of eviction and demolition procedures for one of the fund’s real estate assets located in the Al-Masfalah neighborhood in the Holy City of Mecca.
The company said in a statement on its website "Saudi Arabia trading"This is based on the notices issued by the Secretariat of the Holy Capital and the subsequent regulatory procedures related to a number of properties in the neighborhood.
The company explained that the real estate asset represents a retail building located on the property owned by the Fund in the Al-Masfalah neighborhood, indicating that these procedures come within the eviction and demolition work that includes the area.
It reported that the real estate asset represents about 4% of the total value of the assets of the Fund’s portfolio, and approximately 4% of its total revenues, according to data December 31, 2025, while its annual rental value is about two million riyals.
She added that the full financial impact of these developments cannot be determined accurately at the present time, but it is expected to be negative, with the overall impact at the fund level likely to remain limited, given the proportion that the asset represents within the portfolio.
According to the statement, Jadwa Investment Company intends to take all necessary measures and procedures to preserve the rights of the fund and unit owners.
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