10:36 AM EST, 11/12/2026 (MT Newswires) -- Sedco Capital Reit Fund's (SASE:4344) board approved the sale of the Hyper Panda property in Jeddah, Saudi Arabia, for 47 million Saudi riyals. The price is 19.6% above the 39.3 million riyals that the real estate investment fund paid when it bought the property in 2018, Sedco Capital's fund manager, Saudi Economic and Development Securities Co. said in a Thursday filing. The fund will use total proceeds of 71 million riyals, comprising the sale value plus 24.1 million riyals in rental revenues it collected since purchase to June 30, to partially repay existing bank facilities, which should help reduce its financing costs.

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