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Alkhabeer REIT

 

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 Alkhabeer REIT

Alkhabeer REIT is a publicly offered closed-ended Shari’a-compliant real estate investment traded fund created in accordance with applicable Saudi laws and regulations and is subject to Capital Market Authority (CMA) regulations. It aims to generate periodic rental income and regular cash dividends in excess of 9% annually, distributed quarterly.

Alkhabeer REIT’s initial real estate investment portfolio includes properties focusing on the retail, office and residential real estate segments, strategically distributed in Jeddah, Riyadh and Tabuk.

 

 For Further Information:

Alkhabeer REIT’s Factsheet, Executive Summary, Terms and Conditions and Frequently Asked Questions are available at the following URL’s:

  Fund's IPO Results:

Total number of units offered for subscription 

23,754,486

Total value of units offered for subscription 

237,544,860

Total number of units subscribed

24,712,650

Total value of units subscribed (SR)

247,126,500

IPO coverage percentage  

104.0336%

Number of applications

10,985

Total number of subscribers

25,124

 

 Fund's Units Allocation:

The units of Alkhabeer REIT Fund will be allocated at the rate of minimum 50 units per subscriber. The remaining units will be allocated on a pro rata basis for each subscription request exceeding the minimum limit. The receiving banks have started the process of refunding the surplus of the subscribers' funds on 11 December 2018.

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© 2019 Alkhabeer Capital. All rights reserved. | CR No: 4030177445 | CMA License No: 07074-37