Jadwa REIT Saudi Fund to debut on Tadawul Feb. 11

07/02/2018 Argaam

Jadwa REIT Saudi Fund will start off trading on Saudi Stock Exchange (Tadawul) on Feb.11, under the code 4342.

 

 The daily price fluctuation limit stands at 10 percent per unit, the bourse said in a statement on Wednesday.

 

The REIT’s initial public offering (IPO) was oversubscribed by 121 percent last month, with 57,639 subscribers injecting SAR 573 million in cash. 

 

The fund seeks to generate SAR 129.96 million in leasing income in 2018, from which it will distribute up to 90 percent. Its current asset base includes five real estate assets in Riyadh, Dammam and Al-Khobar, worth SAR 1.55 billion.

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