Al Rajhi REIT Fund Closes With Record Participation

Al Rajhi Capital (ARC) announced the successful conclusion of the initial public offering of the Al Rajhi REIT Fund. Apart from being the first REIT IPO in 2018, Al Rajhi’s REIT is also the largest REIT fund to be offered till date in the Kingdom. The fund has a size of SAR 1.62 billion, of which about SAR 427 million were offered in the IPO (42.7 million units at a par value of SAR 10) during January 1 to January 14, 2018.