Alkhabeer REIT Fund (SASE:4348) entered into a memorandum of understanding to acquire Commercial Centre in Riyadh, a Commercial Centre in Jeddah, and a Residential Compound in Al-Khobar on July 15, 2021. The transaction is subject to the approvals of the Capital Market Authority and the Saudi Exchange (Tadawul) Company, as well as the approval of the Fund's Unitholders. The board of Alkhabeer REIT Fund has approved an increase in the total value of the Fund's assets through the acquisition of three real estate assets.