Al Rajhi REITAl Rajhi REIT

The initial public offering (IPO) for one of Saudi Arabia’s largest REIT, Al Rajhi REIT Fund, has launched.

The exercise, which offers 421,706,300 units of the REIT, targets to have a fund size of SAR1.62 billion (USD432 million).

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.