Articles > Aljazira REIT Renews Lease Contract with Al Rugaib & Sons Trading Co.
Aljazira REIT Renews Lease Contract with Al Rugaib & Sons Trading Co.
By KlickAnalytics Data Insights | July 9, 2026 04:04AM ET
- Al-Jazira Capital renews lease contract for Warehouse No. 3 in Jeddah with Hamad M. Al Rugaib & Sons Trading Co.
- Lease period extended to five years with an annual rental price of SAR 1,459,770.
In a recent announcement, Al-Jazira Capital revealed the renewal of the lease contract for Warehouse No. 3 of Block No. 10, located in Al-Khomrah area in Jeddah. The tenant, Hamad M. Al Rugaib & Sons Trading Co., has agreed to extend the lease for five years, starting from 01/07/2026 to 30/06/2031. The annual rental price for the warehouse is set at SAR 1,459,770 excluding VAT, marking a 62.5% increase from the previous rental price.
This specific event is expected to have a positive financial impact on Al-Jazira REIT Fund's revenues for the year 2026. The increased rental price under the new contract is anticipated to contribute significantly to the fund's earnings, reflecting a promising outlook for the real estate investment trust moving forward.
- Lease period extended to five years with an annual rental price of SAR 1,459,770.
In a recent announcement, Al-Jazira Capital revealed the renewal of the lease contract for Warehouse No. 3 of Block No. 10, located in Al-Khomrah area in Jeddah. The tenant, Hamad M. Al Rugaib & Sons Trading Co., has agreed to extend the lease for five years, starting from 01/07/2026 to 30/06/2031. The annual rental price for the warehouse is set at SAR 1,459,770 excluding VAT, marking a 62.5% increase from the previous rental price.
This specific event is expected to have a positive financial impact on Al-Jazira REIT Fund's revenues for the year 2026. The increased rental price under the new contract is anticipated to contribute significantly to the fund's earnings, reflecting a promising outlook for the real estate investment trust moving forward.
Disclaimer: the above is a summary showing certain market information. KlickAnalytics is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from various resources and more. Communications displaying market prices, data and other information available in this post are meant for purely for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.