Alinma Retail REIT changes property manager for some assets

Alinma Retail REIT Fund will not renew the property management contract with Retail Real Estate Co. that is set to expire on Jan. 6, 2026, fund manager Alinma Capital said in a statement to Tadawul.

Top Place Co. is taking over property management duties for Almakkan Mall (Hafar Al-Batin), Almakkan Mall (Al-Dawadmi), Almakkan Mall (Tabuk) and Signature (Riyadh), Alinma Capital said.

The fund’s other properties are leased to a main tenants and do not require a property manager, the statement added, noting that this change is expected to increase the efficiency of the fund’s asset management and improve the quality of its operational services.