December 25, 2017 / 5:58 AM / 6 months ago

BRIEF-Jadwa Reit Al Haramain Acquires Two Properties In Makkah‍​

* ANNOUNCES ACQUISITION OF TWO PROPERTIES IN MAKKAH‍​

* FIRST HOSPITALITY BUILDING FOR 125 MILLION RIYALS AND WAS FINANCED THROUGH EXISTING SHARIAH-COMPLIANT DEBT FACILITY‍​

* PROPERTY IS LEASED FOR 8.0 MILLION RIYALS PER HIJRI YEAR AND CARRIES AN INITIAL ACQUISITION YIELD OF 6.4 PCT‍​

* SECOND COMMERCIAL PROPERTY FOR 23 MILLION RIYALS AND WAS FINANCED THROUGH EXISTING SHARIAH-COMPLIANT DEBT FACILITY

* PROPERTY IS LEASED FOR 1.5 MILLION RIYALS PER HIJRI YEAR AND CARRIES AN INITIAL ACQUISITION YIELD OF 6.5 PERCENT Source text for Eikon: Further company coverage:

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