Aljazira Mawten REIT will start selling its units from Jan. 22 until Feb. 20, the Saudi Stock Exchange (Tadawul) said in a statement.

 

The bourse has issued the final terms and conditions for the fund on its website.

 

The fund was recently granted the Capital Market Authority’s approval to be registered and listed as a real estate investment traded fund and has a total capital of SAR 118 million.

 

In November, the Riyad REIT fund became the first REIT to debut in the Saudi market.

 

Aljazira REIT Fund - Details

Fund name

Aljazira REIT fund

Fund size

SAR 118 mln

Unit price

SAR 10

Fund manager

Aljazira Capital

Fund period

10 years

Dividend distribution

Fund manager plans to distribute dividends annually to unit holders of not less than 90 percent of the net profit of the real estate investment fund

Fund trading

Similar to trading of equity shares

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