Swicorp Wabel REIT property, Al Makan Mall Riyadh. (Photo: Swicorp Wabel REIT)

Amid cautious investor sentiments across the Gulf Cooperation Council (GCC), the listing of three Saudi Arabian REITs have notched up proceeds from initial public offerings (IPOs) in 2Q 2018.

According to statistics compiled by accounting firm PwC, there were a total of nine IPOs in the region for the first six months of the year, including eight REIT listings.

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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.