Alwaha REIT Fund debuts on Nomu on Nov. 30

Logo of Al Waha REIT Fund

Alwaha REIT Fund will start trading on Nomu-Parallel Market on Wednesday, Nov. 30, under the symbol 9300 and ISIN Code SA15K0H4L4H6 within the REITs indices, according to the Saudi Exchange (Tadawul).

The daily fluctuation limit is ±30%, while the static price fluctuation limit is ±10%.

In a separate statement, the Securities Depository Center Co. (Edaa) announced depositing Al Waha REIT's subscribed securities into the accounts of eligible unitholders today, Nov. 28.

Wasatah Capital, fund manager of Alwaha REIT Fund, announced in October that the fund raised a total of SAR 177 million from the fund’s offering on Nom-Parallel Market, with 55.67% allocated per subscriber, according to data compiled by Argaam.

Alwaha REIT floated 15 million units on Nomu, representing 100% of its capital.

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