The subscription period for units in the “Al-Mashair REIT” fund, which began last Wednesday, concludes today, Tuesday, November 7. Khalifa bin Abdullah Al-Hatmi, CEO of Muscat Financial and Chairman of the Board of Directors of Al-Mashair REIT, Khalifa bin Abdullah Al-Hatmi, stated that all indicators regarding the subscription to Al-Mashair REIT are positive and encouraging, noting that the fund has a plan to acquire other assets in the future in line with its strategy to increase returns for investors.

The “Al-Mashair REIT” was launched last Wednesday as a publicly offered, closed-end, tradable real estate investment fund compliant with Sharia regulations, with a target fund size of 572.4 million riyals.

As outlined in the fund’s prospectus, the minimum subscription amount is 10,000 riyals, while the maximum is 28.6 million riyals. The company clarified that subscriptions are available to institutions, companies, investment funds, and other legal entities wholly owned by Saudi nationals only, in addition to individuals and businesspeople.

Al-Mashair REIT is the eighth closed-end traded real estate investment fund to be launched in the Saudi market and the second REIT specializing exclusively in real estate investment in Makkah and Madinah.