Alkhabeer REIT Fund will start trading on Saudi Stock Exchange (Tadawul) Wednesday, March 20, Tadawul said in a statement on Monday.

 

The units will be listed on the Real Estate Investment Traded Funds (REITs) sector under the code 4348, with a daily price fluctuation limit of 10 percent each.

 

Alkhabeer Capital closed the initial public offering (IPO) of its newly-launched Alkhabeer REIT Fund in December, Argaam reported.

 

The IPO was 104 percent oversubscribed and raised over SAR 247 million, from 25,124 individual and institutional subscribers participating in the offering.

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