Al Rajhi REIT's new units to start trading tomorrow

06/01/2020 Argaam

 

 

Al Rajhi REIT Fund's new units will start trading tomorrow, Jan.7, the Saudi Stock Exchange (Tadawul) said in a statement on Monday.

 

In October 2019, the unit holders approved increasing the total asset value of the fund from SAR 1.72 billion to a maximum of SAR 2.41 billion to acquire new real estate assets.

 

Last month, the fund’s public offering was 78.63% covered, as 16,031 subscribers injected SAR 116.6 million investments to buy 13.25 million units.

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