Saudi Arabia’s Capital Market Authority (CMA) has approved Riyad Capital’s request to increase the capital of Riyad REIT more than three-fold from SAR 500 million to SAR 1.633 billion, in order to acquire real estate assets.
The approval was granted as the Riyad Capital complied with the relevant disclosure requirements, the market regulator said in a statement.
The fund manager will publish the terms and conditions of Riyad REIT, include the objectives and rationale of the capital increase, prior to the meeting of unitholders to vote on the move.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}