Jadwa REIT Saudi Fund to debut on Tadawul Feb. 11

07/02/2018 Argaam

Jadwa REIT Saudi Fund will start off trading on Saudi Stock Exchange (Tadawul) on Feb.11, under the code 4342.

 

 The daily price fluctuation limit stands at 10 percent per unit, the bourse said in a statement on Wednesday.

 

The REIT’s initial public offering (IPO) was oversubscribed by 121 percent last month, with 57,639 subscribers injecting SAR 573 million in cash. 

 

The fund seeks to generate SAR 129.96 million in leasing income in 2018, from which it will distribute up to 90 percent. Its current asset base includes five real estate assets in Riyadh, Dammam and Al-Khobar, worth SAR 1.55 billion.

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.