Taleem REIT debuts on Tadawul today

30/05/2017 Argaam

Taleem Real Estate Investment Traded Fund (Taleem REIT) will begin trading on the Saudi Stock Exchange (Tadawul) on Tuesday, May 30, under the code 4333.

 

The daily price fluctuation limit stands at 10 percent per unit.

 

Taleem REIT is a Sharia-compliant real estate investment traded fund with a target size of SAR 285 million.

 

The fund, which is managed by Saudi Fransi Capital, aims to generate income through investment in high-yield real estate assets across the Kingdom, particularly Riyadh. 

 

Taleem REIT, which was offered from May 10 to May 16, was 890 percent oversubscribed, raising around SAR 761 billion.

 

The fund is the fourth REIT listed on the Saudi market, after Riyad REIT, Jadwa REIT Al-Haramain Fund, and AlJazira Mawten REIT. 

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