Trading of Jadwa REIT Saudi new units to start from Oct. 31

Logo of Jadwa REIT Saudi Fund

The Saudi Exchange (Tadawul) announced that the trading of new Jadwa REIT Saudi Fund units will start on Sunday, Oct. 31.

Earlier this month, Jadwa Investment, the investment management and advisory firm in the Middle East, announced successful completion of the capital increase offering, which increased the fund’s total asset value across both in-kind and cash subscriptions by SAR 370 million, or 16.9%, to nearly SAR 2.56 billion. The offering was 714% oversubscribed.

In September, the fund’s unitholders approved increasing the fund’s total asset value by SAR 370 million through offering additional units to acquire a real estate asset and pay the related expenses and costs.