Edaa adds subscribed units to AREIC Diversified REIT unitholders accounts

28/08/2024 Argaam
Logo ofAlistithmar AREIC Diversified REIT Fund

Logo of Alistithmar AREIC Diversified REIT Fund

The Securities Depository Center Co. (Edaa) added today, Aug. 28, the subscribed units of Alistithmar AREIC Diversified REIT Fund to the accounts of eligible unitholders, according to a statement on Tadawul.

 

Subscription to the fund began last May and was 135% oversubscribed, raising SAR 249.94 million, according to data compiled by Argaam.

 

For More IPOs

 

A total of 18.5 million units were offered at a price of SAR 10 each.

 

The fund’s investment objective is to invest in lease income-generating real estate assets and distribute at least 90% of its net profits semi-annually.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read