SEDCO Capital Fund to start trading of new units tomorrow

02/01/2022 Argaam

Logo of SEDCO Capital REIT Fund

The Saudi Exchange (Tadawul) announced today, Jan. 2, the start of trading for new SEDCO Capital REIT Fund units from tomorrow, Jan. 3.

 

In December 2021, fund manager SEDCO Capital announced the successful completion of the cash subscription process to increase the total asset value of the fund at the upper limit by approximately SAR 702 million, Argaam reported.

 

The total value of requests amounted to SAR 848 million, with the coverage rate reaching 339.22%.

 

The fund manager announced completing the acquisition of a real estate portfolio of eight income-generating properties located across Riyadh and the Eastern Province.

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