Riyadh – Mubasher: Riyad REIT Fund has submitted a request to the Saudi Capital Market Authority (CMA) to increase the size of its fund on Monday.
Riyad REIT said that the fund size increase will be carried out “through cash and in-kind”, the company said in a filing to the Saudi Stock Exchange (Tadawul).
The fund will announce any further developments regarding this matter in due time, according to a statement to Tadawul on Tuesday.
In July, Riyad REIT announced the completion of an acquisition deal of a property in Riyadh for SAR 136.62 million, which was financed through a Sharia-complaint bank loan.
