MENA's first Islamic REIT could list by Sept - CEO

Bahraini asset manager Inovest could list the first Islamic REIT in the MENA region as early as September, the company’s CEO has said.

Inovest is currently raising funds to buy at least $79.5m (BD30m) of property.

Speaking to Arabian Business, Inovest CEO Khalid Abdulla said: “It will be listed soon after we complete raising the funds and allocating the funds. We hope sometime around September.”