SEDCO Capital REIT Fund (SASE:4344) signed an agreement to acquire Ajdan Walk in Al Khobar for approximately SAR 350 million on January 1, 2019. Pursuant to the terms of agreement, SEDCO Capital will pay SAR 276 million upon the transfer of ownership and remaining SAR 69 million is payable upon completion of property's finishing work. The transaction will be financed from the available bank facilities. The transaction will have a positive impact that will be reflected on SEDCO Capital ’s financial results for first quarter of 2019, specifically on dividend payments. SEDCO Capital REIT Fund (SASE:4344) completed the acquisition of Ajdan Walk in Al Khobar on January 17, 2019.