SEDCO Capital REIT opens subscription to raise asset value today

Logo of SEDCO Capital REIT Fund

The subscription period to increase the total asset value of SEDCO Capital REIT Fund through additional offering for investors will run from today, Dec. 12, through Dec. 16.

The fund will offer additional units at SAR 10 per unit with subscription to be available though AlJazira Capital, Al Rajhi Capital and SNB Capital.

Earlier this month, SEDCO Capital REIT Fund’s unitholders approved increasing the total asset value by approximately SAR 702 million, during the unitholders’ meeting, held on Dec. 2, according to data compiled by Argaam.

The proceeds of the offering will be used to acquire additional real estate assets from SEDCO Capital Real Estate Income Fund II and to pay the related expenses and costs.

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