Tuesday 2 January 2018

Al Rajhi Capital launches largest REIT IPO in Saudi Arabia | ZAWYA MENA Edition

Al Rajhi Capital launches largest REIT IPO in Saudi Arabia | ZAWYA MENA Edition:

"Today marks the first day open for public subscription in Al Rajhi Capital’s Al Rajhi REIT Fund IPO, which will run from Jan. 1 to Jan. 14. The fund manager will offer 42.67 million units at SR10 each. Subscription will be available through Al Rajhi Bank website and Al Rajhi Capital investment centers at a minimum value of SR1,000. Al Rajhi REIT will have a fund size of SR 1.62 billion, the fund manager said. The Shariah-compliant fund aims to acquire or invest in income generating commercial, office, and educational assets, as well as warehouses, which are mainly located in the Kingdom, except for Makkah and Madinah."



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