Edaa adds subscribed units to Al Rajhi REIT Fund

07/01/2020 Argaam

 

The Securities Depository Center Company (Edaa) announced on Tuesday the addition of the units subscribed to Al Rajhi REIT Fund, according to a statement on Tadawul.

 

The subscribed units correspond to the unit holders’ Center Accounts pursuant to the allocated units of each subscriber.

 

Al Rajhi REIT Fund's new units will start trading today.

 

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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