Mulkia Plaza Development Real Estate Fund managed by Mulkia Gulf Real Estate REIT (SASE:4336) agreed to acquire the remaining 24% stake in Vivienda Villas, two commercial buildings in Jeddah and a commercial building in Khamis Mushait from Forus Real Estate Investment and Development Company and others for SAR 66.7 million on May 24, 2018. Mulkia Plaza Development will acquire the remaining 24% stake in Vivienda Villas from Forus Real Estate Investment and Development Company for SAR 30.8 million, a commercial building in Al-Shira district in Jeddah for SAR 15.6 million, a commercial building in the northern district of Abhur in Jeddah for SAR 7.3 million and a commercial building in Khamis Mushait for SAR 13.1 million. The transaction is subject to approval of unit holders of Mulkia Gulf Real Estate REIT to be held on June 7, 2018. The transaction was approved by the unit holders of Mulkia Gulf Real Estate REIT on June 7, 2018.