Jadwa Investment mulls new REIT this year

03/05/2017 Argaam

Jadwa Investment is planning to offer a new Real Estate Investment Traded Fund (REIT) this year targeting Riyadh and other provinces in the Kingdom, chief executive Tariq Al-Sudairy told Al-Eqtisadiah newspaper on Wednesday.

 

Jadwa is currently in talks with owners of income-yielding properties, as the company is aiming to launch other REITs to fulfill demand across the kingdom.

 

Last month, Jadwa’s REIT Al Haramain Fund was listed on the Saudi Stock Exchange (Tadawul).

 

More than 5,800 investors subscribed to the first closed-ended Sharia-compliant REIT fund units.

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