With the aim of attracting corporate and financial institution investors, in addition to retail investors, Riyadh Financial, the manager of the Riyadh REIT, has announced its intention to participate in a capital increase of 100 million Saudi riyals, equivalent to 20 % of the cash subscriptions available to the public.

With this increase, the Riyadh REIT is considered one of the largest publicly traded real estate investment trusts, with the fund’s size reaching 1.75 billion riyals spread across 11 real estate assets, making it one of the most diversified REITs among those traded on the Saudi market.

The fund will distribute 90 % of its returns on a semi-annual basis. The net yield is expected to reach approximately 6.3 % during the current year and is projected to grow to 8% in 2020.