Jadwa Investment Company Announces a Material Development to Jadwa REIT Al Haramain Fund
Thu, 02 June 2022
Jadwa Investment Company, in its capacity as the manager of the Jadwa REIT Al Haramain Fund (the “Fund”), announces the signing of a management and operation contract with Emaar Al Diyafa Hotels Company for the purpose of managing and operating Tharawat Al Taqwa Hotel located in Makkah, the contract also includes the responsibilities of marketing, Maintenance, and supervision of the hotel.
Description of the Event
This partnership with Emaar Al Diyafa Hotel Company arises from its specialization and track record in providing management, operation, leasing, marketing, maintenance and supervision services for hospitality, residential and commercial assets in the Kingdom of Saudi Arabia, and especially from their experience in the operation and management of hotels in Makkah.
The Impact Caused by the Event
It is expected that the impact will be positive on the fund