Trading on Alwaha REIT new units on TASI to start on Aug. 17

14/08/2025 Argaam
Logo ofAlwaha REIT Fund

Logo of Alwaha REIT Fund

The Saudi Exchange (Tadawul) announced that Alwaha REIT Fund’s newly-issued units will begin trading on the Main Market (TASI) on Aug. 17.

 

According to Argaam’s data, Wasatah Capital, being the fund manager of Alwaha REIT, said it completed regulatory procedures to transfer Al Jawhara Residential Building to Alwaha REIT under an additional unit offering.

 

For More IPOs

 

Previously, Wasatah Capital had announced the successful completion of the additional offering on July 28, 2025. The move came to strengthen the fund’s gross asset value (GAV), in a bid to acquire new real estate assets.

 

The total subscription proceeds reached SAR 24.93 billion, excluding in-kind contributions, hitting a 109.64% coverage ratio.

 

In June 2024, Wasatah Capital had announced the board’s approval to raise Alwaha REIT’s asset value by acquiring the income-generating Al Jawhara Residential Building in Riyadh’s Al Nakheel district for SAR 46 million, excluding real estate transaction tax, according to Argaam’s data.

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