The “Jadwa Saudi REIT” fund concludes today, Tuesday, January 23, 2018, the subscription period for its units, which began twenty days ago. The fund manager offered 47.40 million units to the public at a subscription price of 10 riyals per unit, while the minimum subscription amount for the fund is 500 riyals.

The fund plans to distribute 90% of its returns four times per calendar year for the periods ending in March, June, September, and December, and expects the net return rate to reach approximately 7.3% during the current year.

The fund is Sharia-compliant, and the total assets to be acquired amount to 1.55 billion riyals, with a total licensed building area of 428.2 thousand square meters.

The assets targeted by the “Saudi Jadwa REIT” consist primarily of five properties distributed across three cities in the Kingdom—Riyadh, Dammam, and Al-Khobar—and span four different real estate sectors: (residential, commercial, warehousing, and educational).