Jadwa REIT Saudi Fund’s (Jadwa REIT Saudi) initial public offering (IPO) starts today, and will run for 15 working days until Jan. 23.
Subscription will be available through the websites of Banque Saudi Fransi, Al Rajhi Bank, National Commercial Bank (NCB), Riyad Capital, and Jadwa Investment Company. Minimum subscription is SAR 500.
The fund size amounts to SAR 1.58 billion, and it will offer 47.40 million units at SAR 10 per unit. It floats SAR 474 million worth of assets to qualified investors as specified by Capital Market Authority (CMA).
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Jadwa REIT Saudi - Details |
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Fund name |
Jadwa REIT Saudi |
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Offering period |
Jan.3-Jan23 |
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Investment Goals |
Invest in income-generating properties across the Kingdom (except for Makkah and Madinah) |
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Fund size |
SAR 1.58 bln |
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Offering size |
SAR 474 mln |
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Minimum Subscription |
SAR 500 |
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Maximum Subscription |
SAR 78.84 million |
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Subscription of Fund Manager |
SAR 89.44 million |
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Receiving entities |
Banque Saudi Fransi, Al Rajhi Bank, NCB, and Riyad Capital (in addition to the fund manager Jadwa Investment Company) |
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