Al Rajhi REIT units added to investor accounts

31/01/2018 Argaam

 

Al Rajhi REIT Fund's units have been added to investor accounts today, the Securities Depository Center Co. (Edaa) said in a statement.

 

The initial public offering (IPO) of the fund, which ran from January 1 to January 14, was oversubscribed by 174 percent, raising SAR 740 million.

 

Al Rajhi Capital owns around 10 percent in the REIT post-IPO and has committed not to sell any units for the next two years after listing.

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