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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Review on Al Rajhi REIT Fund Launches $437.4 Million IPO
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.Related to Al Rajhi REIT Fund Launches $437.4 Million IPO
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Created on Jan 7th 2018 23:16. Viewed 1,051 times.
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