Al Ahli Capital previously announced the closing of the initial offering of Al Ahli REIT (1) after the fund's successful subscription coverage of 157%. Al Ahli Capital had earlier announced the closure of the initial offering of Al Ahli REIT (1) after successfully covering the subscriptions to the fund by 157%.
Al Ahli Capital said that the fund's units will be listed and begin trading on Tadawul today (Monday) as part of the real estate ETF sector. Al Ahli Capital stated that approximately 25,000 investors subscribed to the 41.250 million units offered to the public.
Al Ahli Capital stated that approximately 25,000 investors subscribed to the 41.250 million units offered to the public. The assets in which Al Ahli REIT (1) invests consist of a shopping mall, Alandalus Mall, and an adjacent hotel tower, Staybridge Suites, both in Jeddah, which is an important commercial and leisure center in the Kingdom.
Al Ahli Capital's Al Ahli REIT (1) is a real estate investment fund. Al Ahli Capital is the largest asset manager in the Kingdom and the largest Shari'ah-compliant asset manager globally with total assets under management of SAR 130 billion.
Al Ahli Capital is the largest asset manager in the Kingdom and the largest Shari'ah-compliant asset manager globally with total assets under management of SAR 130 billion
