Jadwa REIT Saudi Fund’s (Jadwa REIT Saudi) initial public offering (IPO) starts today, and will run for 15 working days until Jan. 23.

 

Subscription will be available through the websites of Banque Saudi Fransi, Al Rajhi Bank, National Commercial Bank (NCB), Riyad Capital, and Jadwa Investment Company. Minimum subscription is SAR 500.

 

The fund size amounts to SAR 1.58 billion, and it will offer 47.40 million units at SAR 10 per unit. It floats SAR 474 million worth of assets to qualified investors as specified by Capital Market Authority (CMA).
 

Jadwa REIT Saudi - Details

Fund name

Jadwa REIT Saudi

Offering period

Jan.3-Jan23

Investment Goals

Invest in income-generating properties across the Kingdom (except for Makkah and Madinah)

Fund size

SAR 1.58 bln

Offering size

SAR 474 mln

Minimum Subscription

SAR 500

Maximum Subscription

SAR 78.84 million

Subscription

of Fund Manager

SAR 89.44 million

Receiving entities

Banque Saudi Fransi, Al Rajhi Bank, NCB, and Riyad Capital (in addition to the fund manager Jadwa Investment Company)

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