Saudi Fransi Capital, the fund manager for Bonyan REIT, said in a bourse statement on Wednesday that Abdulrahman Saad Alrashid & Sons Co. (ARTAR) still owns 60 percent of Bonyan REIT units.

 

These units are subject to a one-year lock up period starting from the fund’s debut date, the statement added.

 

The clarification came in response to the false news circulated by local media yesterday.

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