SEDCO Capital REIT to debut on Tadawul on May 1

SEDCO Capital REIT will start trading on the Saudi Stock Exchange (Tadawul) on May 1 under the code 4344, with a daily price fluctuation limit of 10 percent per unit.

In March, Argaam reported that the fund’s initial public offering (IPO) was 101 percent oversubscribed, raising SAR 606 million,

The fund’s portfolio comprises seven income-generating properties in Riyadh and Jeddah, including hotels, offices, shopping malls, and residential and commercial unit.