Tadawul to begin trading on Al Rajhi REIT new units on Aug. 13

10/08/2023 Argaam

Tadawul to begin trading on Al Rajhi REIT new units on Aug. 13

Logo of Al Rajhi REIT Fund

The Saudi Exchange (Tadawul) announced that trading on units of Al Rajhi REIT Fund will start on Aug. 13.

 

Al Rajhi Capital announced, in May, that Al Rajhi REIT’s cash subscription to the additional units offered to increase total asset value was covered at maximum limit.

 

The total value of applications amounted to SAR 1.60 billion, with a 158.33% coverage ratio. A total of 299,690 subscribers, including retail and institutional investors, placed 146,700 orders, according to Argaam's data.

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