The terms and conditions prospectus for the \u201cMulkia - Gulf Real Estate REIT\u201d fund showed that subscription to the fund will be available through several entities, and this is the first time that subscription to an investment fund is opened to receive applications for subscription through recipients independent of the fund manager, in a way that opens the door to the participation of the largest possible segment of investors.<\/p>\n
The Mulkia Gulf Real Estate REIT will be available at Banque Saudi Fransi and Al Jazeera Capital in addition to the fund manager, Mulkia Investment Company.<\/p>\n
The Capital Market Authority (CMA) recently approved Mulkia Investment Company's request to offer, register and list the units of \u201cMulkia Real Estate Gulf REIT\u201d on the market as a publicly offered Real Estate Investment Trust (REIT).<\/p>\n
The Mulkia Gulf Real Estate REIT is the seventh offering of Real Estate Exchange Traded Funds (REITs) on the Saudi Stock Exchange. .<\/p>\n
Mulkia Gulf Real Estate REIT is a Sharia-compliant closed-end real estate investment trust with a target size of SAR 600 million, and the fund will be offered for 5 business days from September 11 to September 17.<\/p>\n
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