Amid a rising interest rate environment, Al Rajhi REIT has moved to batten down the hatches by securing more favourable loan terms with its primary lender.

Al Rajhi REIT is a Shari’ah-compliant REIT with a portfolio of 18 commercial assets across Saudi Arabia.

A large part of the REIT’s portfolio is located in the capital Riyadh, and are geared towards retail activities.

Al Rajhi REIT was listed on the Saudi Stock Exchange in March 2018.

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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.