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.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2025, Argaam Investment, All Rights Reserved
Call Request