Edaa implements corporate action on Alkhabeer REIT

21/09/2020 Argaam

The Securities Depository Center Co. (Edaa) implemented the securities quantity increase for Alkhabeer REIT Fund on the center accounts of eligible unit holders today, Sept. 21.

 

The new units of the fund will start trading today, Sept. 21, 2020.

 

In July, unit holders approved increasing the total asset value of the fund by SAR 722.8 million through issuing additional units and securing extra Shariah-compliant financing.

 

The fund received the Capital Market Authority’s nod in June to increase the fund’s total assets by SAR 722.8 million to acquire three assets in Riyadh, Argaam reported.

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