Al Maather REIT units added to investor accounts

27/07/2017 Argaam

Al Maather Real Estate Investment Traded Fund’s (Al Maather REIT) units have been added to investor accounts, the Securities Depository Center Co. (Edaa) said in a statement to the Saudi Stock Exchange (Tadawul) on Thursday.

 

The initial public offering (IPO) of the Al Maather REIT on Tadawul ended 1,520 percent oversubscribed, raising SAR 2.8 billion, Argaam earlier reported. 

 

The fund, which targets capital of SAR 613.7 million, was offered from July 2 to July 6.

 

Al Maather REIT is the fifth real estate investment traded fund to be listed on Tadawul, after Riyad REIT, Jadwa REIT Al-Haramain Fund, and AlJazira Mawten REIT and Taleem REIT. 

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