AlAhli REIT 1 to begin trading Monday

04/01/2018 Argaam

AlAhli REIT Fund 1 will start trading on the Saudi Stock Exchange (Tadawul) on Monday, Jan. 8, under the code 4338, the exchange said in a statement.

 

The daily price fluctuation limit will be 10 percent per unit. Other final terms and conditions for the fund are posted on its website, the statement added. 

 

Last month, the REIT’s initial public offering (IPO) was oversubscribed by 157 percent, with nearly 25,000 investors subscribing to its 41.25 million units, Argaam reported earlier.

 

AlAhli REIT Fund 1 is the eighth REIT to be listed on Tadawul. It will be the largest in terms of assets, with a fund size of SAR 1.375 billion. 

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