Alkhabeer REIT joins prominent FTSE EPRA Nareit Global Real Estate Index
Jeddah, Saudi Arabia – Tuesday, 8 September 2020: Alkhabeer Capital, the asset manager specializing in alternative investments, announced today that Alkhabeer REIT, a publicly offered closed-ended Shari’a-compliant real estate investment traded fund, will be included in the FTSE EPRA Nareit Global Real Estate Index starting from 21 September 2020. The announcement was made by FTSE Russell as part of the FTSE EPRA Nareit Global Real Estate Index September 2020 quarterly review, which concluded on 4 September 2020.
FTSE EPRA Nareit Real Estate Index is globally recognized listed real estate benchmarks and is tracked by over an estimated USD 340 billion in assets. It was established by FTSE Russell, in collaboration with the European Public Real Estate Association and the United States based National Association of Real Estate Investment Trusts.
Commenting on this announcement, Mr. Ahmed Saud Ghouth, Chief Executive Officer of Alkhabeer Capital, said: “The inclusion of Alkhabeer REIT in this prominent index is a significant achievement and a remarkable milestone in our journey towards achieving long-term growth and driving greater value to investors.”
He further added: “The inclusion of Alkhabeer REIT in the index is expected to result in higher visibility and increase in the trading volume of the Fund’s units from local as well as international institutional investors.”
Alkhabeer Capital, headquartered in the Kingdom of Saudi Arabia, specializes in alternative investments and investment services. It is authorized by the Capital Market Authority (CMA), license number 07074-37.
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