Mulkia Gulf Real Estate REIT Fund signed an agreement to acquire remaining 76% stake in VIVIENDA HOTEL VILLAS AL HADA for SAR 95 million on November 30, 2017. The deal will be financed through any offering surplus available in fund of SAR 18 million and the remaining SAR 77 million by loans from local banks. Mulkia Plaza Development Real Estate Fund owns a 24% stake in the project. Mulkia Gulf Real Estate REIT Fund and Mulkia Plaza Development Real Estate Fund will jointly own the project if the acquisition is completed. The deal is expected to be completed in two months. Mulkia Gulf Real Estate REIT Fund completed the acquisition of remaining 76% stake in VIVIENDA HOTEL VILLAS AL HADA on January 9, 2018.