Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- OQEP reports RO841mn revenue for 2024
- Moody's lifts Omani banks' outlook to 'positive'
- QLM general assembly meeting approves cash dividends of 10% to shareholders
- 'QSE index fell 2.1 percent in February, expects recovery next month'
- Qatar's residential market remains stable in 2024
- Great Place to Work reveals Qatar's best workplaces for 2025
- Asyad Shipping IPO's retail subscription ends on Wednesday
- Sohar International appoints Murshidi as new CEO
- Oman's FDI jumps 17.6% over five years, reaching $69.3bn by Q3 2024
- India builds world's longest LPG pipeline to cut costs , road accidents
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
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
21/11/2017
Al Rajhi Bank Malaysia (ARBM), a unit of the world's largest Islamic bank, Al Rajhi Bank of Saudi Arabia, yesterday announced the appointment of Muhammad Afaq Khan as its new chairman and Johari Abdu
Bernama
| Ticker | Price | Volume |
|---|
02/03/2025
OQ Exploration and Production (OQEP) has announced its financial results for the fiscal year 2024, achieving an EBITDA of RO614mn. The financial results highlight OQEP's continued ability to generate
Muscat Daily
02/03/2025
QLM, a leading force in the health and life insurance industry, held its Annual General Assembly meeting on February 26, 2025.The General Assembly approved distribution of cash dividends of 10% to sh
The Peninsula
28/02/2025
Saudi Aramco has slashed the official selling prices for propane and butane for March, according to a statement released on Thursday.
The new prices are set at $615 per tonne for propane and
Arab News
27/02/2025
stc Group, a digital enabler, offering advanced solutions and driving a role in the digitalization process, today (February 26) delivered solid results for FY 2024 with a 85% jump in its net profit w
Trade Arabia
27/02/2025
Ahlibank held its annual ordinary and extraordinary general meetings on Wednesday.
The meetings were presided over by Ahlibank chairman Sheikh Faisal bin AbdulAziz bin Jassem al-Thani.
<
Gulf Times
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia