image description
image description
Tell A Friend

FinancialNews


  • 02-01-18

    Saudi Arabia: Al Rajhi Capital launch largest REIT IPO

    (MENAFN) The most major real-estate investment fund (REIT) IPO in Saudi Arabia has initiated by Al Rajhi Capital with an estimated fund size of $431.6 million.

    Public subscriptions are set to carry on until January 14, as a 42.67 million units at $2.67 each is to be presented by the fund manager.

    The fund plans to acquire and invest across Saudi Arabia in commercial, office and education assets, in addition to warehouses with a 6.1% targeted yield in 2018, according to Al Rajhi.

    In a statement, the company announced "the fund's investment target is to invest in developed, income-generating assets, and to lease and distribute at least 90 percent of the fund's annual net income in cash over the fund term on a semi-annual basis."

    MENAFN0201201800450000ID1096297897

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved