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SEDCO Capital REIT Fund’s additional units will begin trading on Tadawul on July 2, the Saudi Exchange (Tadawul) said in a statement.

 

In April, the Capital Market Authority (CMA) approved the request received from Saudi Economic and Development Securities Co. (SEDCO Capital), the fund manager of SEDCO Capital REIT Fund, to increase the fund's total assets value by issuing additional units for acquiring new real estate assets, Argaam reported earlier.

 

The total value of orders amounted to SAR 855.7 million, the coverage ratio stood at 141%, with the participation of 135,852 individual and institutional investors with total of 65,230 orders.

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