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"The Financial Expert" announces the start of the IPO of "Expert Rit" in "Tadawul"
Sunday – 3 months of the first spring 1440 H – 11 November 2018 AD Number [
14593]
Ahmed Ghouth, General Manager of Al-Khabeer Finance (Middle East)
Jeddah: "Middle East"
Al Khubair Capital, a specialist in alternative asset management and investment, today launched an initial public offering of savings of 233 million riyals ($ 63.2 million) in shares. Shariah-compliant funds representing 24% of the fund's total assets. Exceeding one billion Saudi Riyals. The IPO is expected to continue until Thursday through six entities: Al Jazeera Capital, National Bank of Commerce, Riyad Bank, Al Rajhi Bank, Arab National Bank and Bank Saudi Fransi.
Ahmed Ghouth, chairman of Al Khubair Capital, said: "We are confident that the new fund will attract more than 9% per annum.This is one of the highest returns of listed real estate funds on the Saudi Stock. Exchange (Tadawul) It invests in 7 diversified income-producing real estate assets spread over separate sites in Riyadh, Jeddah and Tabuk.
Saudi Arabia
The Saudi economy
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