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Al Rajhi REIT Fund Launches $437.4 Million IPO

by Forbes Middle East Forbes Middle East - Business News
In one of the largest REIT fund IPOs in Saudi Arabia, Al Rajhi REIT FundAl Rajhi Capitals first Real Estate Investment Fundlaunched an IPO with a fund size of $437.4 million (SAR 1.62 billion) on J
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The IPO will run until January 14, offering 42.67 million units for SAR 10 each. The Sharia-compliant fundmanaged by Al Rajhi Capitalaims to acquire or invest in income generating commercial, office, and educational assets, as well as warehouses, located in Riyadh, Jeddah, Al Khobar and Khamis Mushait in the Kingdomexcept Makkah and Madinah.

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Created on Jan 8th 2018 00:16. Viewed 176 times.

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