Announcements
Addendum Announcement from Jadwa Investments Company Regarding the Occurrence of a Specific Event for Jadwa REIT Al Haramain Fund
Tue, 21 November 2023
Following the announcement of Jadwa Investment Company published on 04/12/1444H (Corresponding to 22/06/2023G) in its capacity as a Fund Manager of Jadwa REIT Al Haramain Fund (the “Fund”) which includes the completion of the hotel’s development Worth Elite Hotel (the “Hotel”) and its readiness for initiating the Hotel’s operations starting from the Hajj season of 1444H, as the management and operation of the hotel will be assigned to Emaar Al Diyafa Hotels Company (the “Operator”), as well as the marketing, maintenance, and supervision of the Hotel.It is worth noting that Emaar Al Diyafa Hotels Company is also managing and operating Al Taqwa Hotel and Al Andalusia Hotel located in front of Al-Khalil Hotel, which are also owned by the Fund.
Jadwa Investment Company would like to announce that the operating contract (the “Contract”) has been signed with the Operator who has started operating the Hotel in accordance with the initial agreement, starting from the beginning of the Hajj season in the year 1444H until the completion of the signing of the Contract.