Alkhabeer Capital Co., the fund manager of Alkhabeer REIT Fund, received the Capital Market Authority’s (CMA) nod to increase the fund’s total assets by SAR 722.8 million through issuing additional units, to acquire three assets in Riyadh.

 

The properties include Elegance Tower, AlFarabi Colleges building, as well as under-construction AlFarabi Colleges training building.

 

The fund manager will announce relevant developments in due course, including inviting unit holders to vote on the asset increase, and changes in terms and conditions.

 

These acquisitions will diversify and expand the fund’s asset base, Alkhabeer Capital said, noting it will have a positive impact on the performance and results of the fund.

Comments 0

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.

Related News

CMA approves increase of Alkhabeer REIT’s total assets

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2025, Argaam Investment, All Rights Reserved
Call Request

Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.

Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website