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Alkhabeer Capital Announces the Subscription Deadline for the Second Additional Offering of Alkhabeer REIT

15 June 2021

Alkhabeer Capital Announces the Subscription Deadline for the Second Additional Offering of Alkhabeer REIT

  • The 15-day subscription period will end on 17 June 2021
  • The additional shares are priced at SAR 9.03, inclusive of subscription fees and VAT on the subscription fees

Jeddah, Saudi Arabia – 15 June 2021: Alkhabeer Capital, the asset manager specializing in Shari’a-compliant investments and financial services, announced that the subscription period for the second additional offering of Alkhabeer REIT, a publicly offered closed-ended Shari’a-compliant real estate investment traded fund, will end on Thursday, 17 June 2021 corresponding to 7 Dhu Al-Qadah 1442.

The second additional offering will further strengthen the Alkhabeer REIT portfolio by expanding and diversifying its asset base in terms of location, sector and development. The proceeds will be used to expand the portfolio of Alkhabeer REIT through two key acquisitions in the education and industrial sectors in Jeddah.

Subscription for the additional units of Alkhabeer REIT is open for Saudi nationals, foreign residents and qualified institutions through the appointed receiving banks, including Al Rajhi Bank, Al Jazira Capital and Saudi National Bank. The additional shares are priced at SAR 9.03, inclusive of subscriptions fees and VAT.

Alkhabeer REIT is a Sharia-compliant, closed-ended publicly traded real estate investment fund. It was listed on the “Tadawul” financial market on 20 March 2019 corresponding to 13 Rajab 1440. The Fund’s real estate portfolio includes assets diversified across the retail and industrial sectors, as well as in offices, residential and educational properties, located in strategic locations in Jeddah, Riyadh and Tabuk.

Alkhabeer Capital, headquartered in the Kingdom of Saudi Arabia, specializes in investments and financial services. It is authorized by the Capital Market Authority (CMA), license number 07074-37.

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