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25/01/2018 10:26 AST
Riyad REIT announces its intention to establish a sukuk program with a targeted size of one billion Saudi Riyal through a serires of tranches.
Riyad REIT is the first REIT to issue Sukuk program in Saudi Arabia. The program aims to diversify sources of finances and their maturity profiles and to support the expansion of Riyad REIT portfolio by acquiring income producing assets beside the assets announced earlier which will be financed through the capital increase.
The program will be established and launched after completion of all regulatory procedures, as required by the Fund and according the market conditions.
The Funds Board of directors has approved to establish the program on 24/01/2018.
The Fund will announce any other significant development in this regard in due course.
Tadawul
06/02/2025
Nearly 30 per cent of those who took mortgages last year in Dubai decided to become homeowners after receiving rental eviction notices from their landlords, a new report has found. Instead of looking
Khaleej Times
05/02/2025
Dubai's luxury real estate market continues to attract high-net-worth individuals, with a recent Dh3.68 million rental agreement at The Royal Atlantis Resort & Residences on Palm Jumeirah. This deal
05/02/2025
Gulf Cooperation Council retailers faced increasing pressure to stand out as competition in the region's retail sector intensifies, according to a recent report. US-based management consulting firm
Arab News
14/09/2024
RIYADH: Saudi master developer Emaar The Economic City's SR8.7 billion ($2.32 billion) capital optimization plan is a "strategic response" to its current financial challenges, according to its CEO. <
Saudi Gazette
12/09/2024
Saudi wheat flour producer Arabian Mills for Food Products Co. has set its final initial public offering price at SR66 ($17.59) per share on the Tadawul main market. During the book-building proces
Arab News
04/05/2018
SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.
Saudi Gazette
05/04/2018
Standard & Poor's (S&P) has affirmed QIB's Issuer Credit Rating at A-, Qatar's leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB's rating
Gulf Times
05/04/2018
Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told
The Peninsula
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