SICO Capital Announces the Occurrence of Specific Event to SICO Saudi REIT Fund

SICO Capital Announces the Occurrence of Specific Event to SICO Saudi REIT Fund

On April 18, 2025, corresponding to 20/10/1446 H, the Fund Manager received notifications of execution orders submitted by Eskan Development and Investment Company, the seller and former tenant of the Fund's assets (Eskan Towers 4, 5, and 6), against Mashaar REIT Real Estate Company (SPV for the Custody of Fund Assets). Eskan seeks to recover rental payments made for Eskan Tower 4 and Eskan Tower 6, covering rental periods that started on December 27, 2019, and ended on December 26, 2022 (three contractual rental years according to the signed lease agreements).