News

Alkhabeer Capital Announces the Results of Subscribing in the Second Increase of the Total Value of Alkhabeer REIT Fund’s Assets

23 June 2021

 Announcement  –

Alkhabeer Capital Announces the Results of Subscribing in the Second Increase of the Total Value of Alkhabeer REIT Fund’s Assets

Alkhabeer Capital, Fund Manager of Alkhabeer REIT “the Fund”, announces the successful completion of the cash subscription process in the second increase in the total value of the Fund’s assets, which ended on 07 Dhu Al-Qadah 1442 corresponding to 17 June 2021, where 307.36% of the total cash offering volume was covered.

The Fund Manager will coordinate with the Lead Manager to complete the allocation process and return the surplus to subscribers within 15 business days from the end of the offering period on 17 June 2021, which is no later than 08 July 2021.

For more information about the allocation mechanism, please see the Fund’s Terms and Conditions through the Fund Manager’s website:

https://www.alkhabeer.com/reit/

 Ends  –