Please wait...
GulfBase Live Support
- Saudi Arabia to export 5,400 locally made AC units to Egypt
- Riyadh leads Kingdom's industrial rental growth in first quarter
- NBK concludes participation in 2025 Annual Meetings of IMF and WBG
- Burgan Bank renews its participation in Annual Meetings of WBG and IMF
- US-China trade war clouds economic outlook as 'new normal' emerges
- Oman's bank credit expands 8.6% in August as deposits climb 7%
- Aamal Company nine-month net profit rises 8.2% to QR327.3mn
- QSE index closes lower
- Jazeera Airways, AU sign MoU to advance academic-industry collaboration
- Diyar Al Muharraq starts works on Bahrain waterfront residential project
25/12/2017 17:55 AST
Al Rajhi Capital announced the initial public offering (IPO) period of Al Rajhi REIT Fund will run from 1 to 14 January 2018, the fund manager (Al Rajhi Capital) said in a statement.
The fund manager will offer 42.67 million units at SAR 10 each.
Subscription will be available through Al Rajhi Bank website and Al Rajhi Capital investment centres at a minimum value of SAR 1,000, and will have a fund size of SAR 1.62 billion, according to the fund manager.
The Shari'ah-compliant fund aims to acquire or invest in income generating commercial, office, and educational assets, as well as warehouses, which are mainly located in the Kingdom, except for Makkah and Madinah.
The fund's investment target is to invest in developed, income-generating assets, and to lease and distribute at least 90 per cent of the fund's annual net income in cash over the fund term on a semi-annual basis, the statement by Al Rajhi Capital added.
Al Rajhi REIT's preliminary portfolio comprises 13 high-quality assets that generate income at the end of January and July of every year.
The fund's assets are spread across various sectors in the Kingdom, namely: retail (54 per cent), warehouses (12 per cent), offices (26 per cent) and education sector (eight per cent).
Eligible investors are Saudis, GCC nationals, foreigners residing in Kingdom, institutions, companies, and investment funds operating in the Kingdom, along with Qualified Foreign Investors (QFIs).
CPI Financial
20/10/2025
Mozn, a regional leader in enterprise AI technologies, has entered into a strategic agreement with AlRajhi Bank, aimed at supporting the bank's efforts in combating financial fraud through Mozn's AI-
Saudi Gazette
12/02/2018
Al Rajhi Bank recorded a 19.8 per cent rise in its fourth-quarter net profit, beating analysts' estimates, as fees and financing investments income climbed at Saudi Arabia's biggest lender by market
The National
07/12/2017
Capital Intelligence Ratings (CI Ratings or CI) has affirmed the Long-Term Foreign Currency Rating (FCR) and raised the Short-Term FCR of Al Rajhi Banking and Investment Corporation (ARB), based in R
CPI Financial
| Ticker | Price | Volume |
|---|
20/10/2025
The National Bank of Kuwait (NBK) delegation concluded its participation in the 2025 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) in Washington, DC, reflect
Kuwait Times
20/10/2025
In line with its ongoing efforts to support Kuwait's positioning as a local and regional economic hub and a leader of sustainable economic development, Burgan Bank took part in the 2025 Annual Meeti
Kuwait Times
20/10/2025
Aamal Company posted a nine-month net profit of QR327.3mn, up 8.2% on the same period in 2024.
Reported earnings per share (EPS) was up 8.2% to QR0.052 at the end of the nine-month period (9
Gulf Times
20/10/2025
Jazeera Airways has signed a Memorandum of Understanding (MoU) with the Australian University (AU) in Kuwait, to advance academic-industry collaboration and nurture the next generation of Kuwaiti avi
Trade Arabia
20/10/2025
Mozn, a regional leader in enterprise AI technologies, has entered into a strategic agreement with AlRajhi Bank, aimed at supporting the bank's efforts in combating financial fraud through Mozn's AI-
Saudi Gazette
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia