Riyadh - Mubasher: The data of the Riyadh Real Estate Investment Traded Fund (Riyadh REIT) showed that the fund has invested around SAR 420 million ($112 million) since it was established in June 2015.
The investments were allocated in five properties in Riyadh, Dammam, Jeddah, and Khobar.
The Saudi Stock Exchange (Tadawul) announced on Wednesday the listing and trading units of Riyad Real Estate Investment Traded Fund “Riyad REIT” as of Sunday 13 November, within the Real Estate Investment Traded Funds (REITs) sector.
According to the fund, it has paid SAR 65 million for development projects, and that area available for rental total 46,000 square meteres (sqm), alongside another 25,000 sqm under development.
The fund’s total value amount to SAR 500 million, distributed among 50 million trading units at a price of SAR 10 for each.
