Bonyan REIT board allows non-Saudi investors to subscribe to units

14/11/2021 Argaam

Logo of Bonyan REIT Fund

Bonyan REIT Fund’s board of directors approved non-fundamental changes, such as allowing non- Saudi investors to subscribe to the fund’s units.  

 

The changes will come into effect as of Nov. 25, Saudi Fransi Capital, the fund manager, said in a statement to Tadawul.

 

According to the data available with Argaam, the fund holds real estate in Riyadh, Abha, Jazan and Madinah, along with Dubai (UAE).

 

The Capital Market Authority (CMA) recently gave the go-ahead for subscriptions of non-Saudis in real estate funds investing wholly or partly in Makkah and Madinah.

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