Aljazira Mawten REIT will start selling its units from Jan. 22 until Feb. 20, the Saudi Stock Exchange (Tadawul) said in a statement.
The bourse has issued the final terms and conditions for the fund on its website.
The fund was recently granted the Capital Market Authority’s approval to be registered and listed as a real estate investment traded fund and has a total capital of SAR 118 million.
In November, the Riyad REIT fund became the first REIT to debut in the Saudi market.
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Aljazira REIT Fund - Details |
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Fund name |
Aljazira REIT fund |
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Fund size |
SAR 118 mln |
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Unit price |
SAR 10 |
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Fund manager |
Aljazira Capital |
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Fund period |
10 years |
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Dividend distribution |
Fund manager plans to distribute dividends annually to unit holders of not less than 90 percent of the net profit of the real estate investment fund |
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Fund trading |
Similar to trading of equity shares |
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