Jadwa REIT Saudi's IPO to close Jan. 23
22/01/2018
Argaam
Jadwa REIT Saudi Fund’s (Jadwa REIT Saudi) initial public offering (IPO) will close tomorrow, Jan. 23.
The initial public offering started on Jan. 3, where 47.4 million units were on offer at a subscription price of SAR 10 per unit.
The REIT seeks to generate SAR 129.96 million in leasing income in 2018, from which to distribute up to 90 percent. This sum will make up a total return of 8.39 percent on initial assets, and a net return of 7.3 percent for the first year of trading.
Jadwa REIT said its asset base comprises five real estate assets located in Riyadh, Dammam and Al-Khobar, worth SAR 1.55 billion. Assets include offices, residential units, warehouses, hotels and retail space.
Related News
| Jadwa REIT Saudi eyes SAR 130 mln leasing income in 2018 |
| Jadwa REIT Saudi's IPO starts today |
Market Indices
TASI
10,542.23
(47.72)
(0.45 %)
Quotes
JADWA REIT SAUDI
8.75
0.00
0.00%
About Us
Join Us
Argaam Tools is an advanced tool that provides investors, analysts, research houses, and corporate executives with easy access to a single source for in-depth data on macroeconomy, capital market, sectors, and companies insights.
Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}