Al Rajhi REIT IPO to begin 1 January 2018

25/12/2017 17:55 AST

Al Rajhi Capital announced the initial public offering (IPO) period of Al Rajhi REIT Fund will run from 1 to 14 January 2018, the fund manager (Al Rajhi Capital) said in a statement.

The fund manager will offer 42.67 million units at SAR 10 each.

Subscription will be available through Al Rajhi Bank website and Al Rajhi Capital investment centres at a minimum value of SAR 1,000, and will have a fund size of SAR 1.62 billion, according to the fund manager.

The Shari'ah-compliant fund aims to acquire or invest in income generating commercial, office, and educational assets, as well as warehouses, which are mainly located in the Kingdom, except for Makkah and Madinah.

The fund's investment target is to invest in developed, income-generating assets, and to lease and distribute at least 90 per cent of the fund's annual net income in cash over the fund term on a semi-annual basis, the statement by Al Rajhi Capital added.

Al Rajhi REIT's preliminary portfolio comprises 13 high-quality assets that generate income at the end of January and July of every year.

The fund's assets are spread across various sectors in the Kingdom, namely: retail (54 per cent), warehouses (12 per cent), offices (26 per cent) and education sector (eight per cent).

Eligible investors are Saudis, GCC nationals, foreigners residing in Kingdom, institutions, companies, and investment funds operating in the Kingdom, along with Qualified Foreign Investors (QFIs).


CPI Financial

News

Jeeny & Rajhi Bank launch KSA's first fully integrated ride-hailing loyalty ecosystem

09/02/2026

Jeeny, the region's leading smart mobility platform, announced on Sunday a strategic partnership with Al Rajhi Bank to integrate Mokafaa, Saudi Arabia's leading loyalty program, directly into the Jee

Saudi Gazette

AlRajhi Bank partners with Mozn to harness AI in the fight against fraud

20/10/2025

Mozn, a regional leader in enterprise AI technologies, has entered into a strategic agreement with AlRajhi Bank, aimed at supporting the bank's efforts in combating financial fraud through Mozn's AI-

Saudi Gazette

Saudi Arabian lender Al Rajhi reports 20% rise in fourth quarter net income

12/02/2018

Al Rajhi Bank recorded a 19.8 per cent rise in its fourth-quarter net profit, beating analysts' estimates, as fees and financing investments income climbed at Saudi Arabia's biggest lender by market

The National

Most Viewed Companies

Ticker Price Volume

Valuation

ALRAJHI Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
SNB 42.92 -0.20 (-0.47%)
SAB 37.00 0.02 (0.05%)
ALINMA 29.60 0.12 (0.40%)
RIBL 21.60 0.11 (0.51%)
BSFR 20.13 0.03 (0.14%)

Recent News

Gulf Bank issues its 2025 Sustainability Report

10/04/2026

Gulf Bank has issued its sixth annual Sustainability Report for the year 2025, titled "Converting to a Sustainable Path," highlighting the Bank's ESG progress and performance. The report reflects the

Kuwait Times

Saudia to Partially Resume Flights To, From Dubai, Abu Dhabi, and Amman on Saturday

10/04/2026

Saudia announced on Thursday the partial resumption of its operations to and from Dubai, Abu Dhabi, and Amman starting Saturday, April 11.

In a post on its official account on the social med

Asharq Al Awsat

Zain Bahrain names Ammar Al Ketbi as new CEO

09/04/2026

Zain Bahrain, a leading provider of telecom services, innovative technologies and digital lifestyle experience in the kingdom, has appointed Ammar Al Ketbi as its new Chief Executive Officer.

Trade Arabia

Al Mal Capital appoints Sanjay Vig as Chief Executive Officer

09/04/2026

Al Mal Capital , a UAE based investment management and financial advisory firm, licensed by the Capital Markets Authority (CMA) has appointed Sanjay Vig as the Chief Executive Officer.

Vig

Trade Arabia

Abu Dhabi Maritime Academy inks deal with Congolese mining firm

09/04/2026

Abu Dhabi Maritime Academy (ADMA), the region's leading academic institution for maritime training, and an integral part of AD Ports Group, has signed a research, development, and operational deploym

Trade Arabia

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap