|21 November, 2019

Saudi-listed NCB Capital's REIT fund mulls expansion of Al Andalus Mall

Study examines adding an external F&B space and a parking building

NCB Capital, an investment banking and asset management firm in Saudi Arabia, announced today that its Al-Ahli REIT Fund will conduct a study to check the feasibility of expanding AlAndalus Mall.

The fund manager said in a bourse filing that the study will cover the feasibility of adding external space for food and beverages in addition to a parking building to improve the services offered by the mall.

The Board of Directors of Al-Ahli REIT Fund announced earlier on Wednesday that it started the procedures of registering the fund with the General Authority for Zakat and Income for the purpose of Zakat.

(Writing by Nada Al Rifai; editing by Mily Chakrabarty)

(nada.rifai@refinitiv.com)

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© ZAWYA 2019

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