Jadwa REIT Saudi completes surplus refunds

01/02/2018 Argaam

Jadwa REIT Saudi Fund (Jadwa REIT Saudi) on Thursday, Feb. 1 completed the surplus refund process of its initial public offering (IPO), which started from Jan. 3 until Jan. 23, the fund manager Jadwa Investment said in a statement to Argaam.

 

The payment of refunds started after announcement of the IPO results, while share allotment was announced on Jan. 29.

 

The fund is completing the regulatory procedures required for listing its units on the Saudi Stock Exchange (Tadawul), the statement added.

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