Sedco Capital REIT agrees Jeddah Hyper Panda sale for 47 million riyals.

The fund manager said the Al Hamdaniyah retail asset sale contract was signed on 12 November 2026, above the 2018 purchase price and the June book value.

ByOmnia DeskThe Omnia Markets news desk2 min read2 sources

Al Lulu Villas, Saudi Arabia. From the Omnia catalogue

Maaal reported in Arabic on 12 November 2026 that the board of Sedco Capital REIT had approved the sale of a property in Jeddah for 47 million riyals. Argaam reported the same day that Sedco Capital, as fund manager, said the board had approved a sale contract for the Hyper Panda branch in Jeddah’s Al Hamdaniyah district at that price, excluding real estate disposition tax and other sale-related fees, and that the contract was signed on 12 November 2026.

Argaam said the fund acquired the asset in April 2018 for 39.3 million riyals, a 19.6% expected uplift on the purchase price. Book value was 37 million riyals as at 30 June 2026, implying an expected 27% gain against book. Rental income from acquisition to that date was about 24.1 million riyals. Including the sale price, total proceeds were put at about 71 million riyals, or 181% of the acquisition cost.

The manager framed the disposal as part of a strategy that may include buying higher-yielding assets and possibly using proceeds for partial bank-facility repayment. It said any material further steps would be disclosed if the deal completes. Completion and the buyer were not named in the reports.

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Our take

Omnia Desk

A named retail print, not a freehold home price.

Foreign buyers tracking Jeddah still need hard comps; this one is commercial and REIT-led. Forty-seven million riyals for a Hyper Panda box in Al Hamdaniyah, bought at 39.3 million riyals in 2018 and carried at 37 million riyals at mid-year, is a disposal tape for income stock, not a reset of apartment or villa bands on the Corniche.

It does not rewrite what non-Saudis can hold. Our guide to Jeddah waterfront penthouses in 2026: prices, yields and the new ownership law still turns on the January 2026 ownership rules, mapped zones and the quiet 2024 price path, not on a single supermarket exit. Residential cards we place, from Al Lulu Villas to the Jeddah Central pre-launches, sit on different title and product checks.

Use the print as a REIT and retail-yield marker: rent collected, book versus exit, and the manager’s talk of redeployment or debt paydown. For a home purchase, keep freehold maps, escrow terms and published starting prices as the gate, and treat this sale as context on how listed funds recycle Jeddah commercial assets.