Al Rajhi Capital launches latest Saudi REIT IPO
Saudi Arabia’s Al Rajhi Capital has launched the largest real-estate investment fund (REIT) IPO in the region, which will have a fund size of SR 1.62 billion ($431.6 million). Public subscriptions will continue until January 14, with the fund manager offering 42.67 million units at SR 10 ($2.67) each. Subscriptions…
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