Musharaka REIT units added to investor accounts

27/09/2017 Argaam

Musharaka Capital Real Estate Investment Traded Fund’s (Musharaka 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 Wednesday.

 

The initial public offering (IPO) of Musharaka REIT on Tadawul ended 1,021 percent oversubscribed, raising SAR 3.8 billion, Argaam earlier reported. 

 

The fund, which targets capital of SAR 880 million, was offered from July 25 to August 3.

 

Musharaka REIT is the sixth real estate investment traded fund to be listed on Tadawul, after Riyad REIT, Jadwa REIT Al-Haramain Fund, and AlJazira Mawten REIT, Taleem REIT and Al Ma’athar REIT. 

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