SEDCO Capital REIT to open subscription to raise total asset value from Dec. 12

Logo of SEDCO Capital REIT Fund

SEDCO Capital REIT Fund will launch the subscription process to increase its total asset value through additional public offering on Dec. 12.

The additional public offering will run for five business days, until Dec. 16, fund manager SEDCO Capital said in a bourse filing.

The additional units will be offered at SAR 10 each.

Receiving entities are AlJazira Capital, Al Rajhi Bank and Saudi National Bank (SNB), the fund manager added.

The fund’s unitholders approved increasing the total asset value by approximately SAR 702 million, during the unitholders’ meeting, held on Dec. 2, Argaam reported.