Mulkia-Gulf Real Estate REIT Fund unit holders did not sell their strategic investment units in the fund, managing director Sultan Al-Hudaithi said in a bourse statement.
The statement came in response to an article published in a local newspaper claiming that the investments units were sold by stakeholders.
“This piece of news is completely baseless, reporters should first ensure news is correct”, he said in the statement to the Saudi Stock Exchange (Tadawul).
Earlier this month Mulkia started trading on Tadawul. Mulkia REIT is a Sharia-compliant real estate investment traded fund with a target size of SAR 600 million.
The fund, which is managed by Mulkia Investment Co., aims to generate a regular income through investment in high-yield real estate assets across the Kingdom.
The initial public offering (IPO) of Mulkia REIT, which was 20 times oversubscribed, raised SAR 3.95 billion.
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