Alkhabeer Capital, a prominent asset management company specializing in alternative investments, has announced the final allocation of the units of Alkhabeer REIT Fund, at the rate of minimum 50 units per subscriber. The remaining units will be allocated on a pro rata basis for each subscription request exceeding the minimum limit.
Mr. Ahmed Saud Ghouth, Chief Executive Officer of Alkhabeer Capital, said: "the receiving banks have started the process of refunding the surplus of the subscribers' funds. The formal procedures of listing the units in the Saudi Stock Exchange "Tadawul" will be immediately initiated".
Alkhabeer Capital has recently announced the successful closing of the Initial Public Offering of Alkhabeer REIT Fund. The Fund was oversubscribed at 104% and raised over SAR 247 million, from 25,124 individual and institutional subscribers participating in the IPO. More information about the Fund, including an executive summary, terms and conditions and risk factors, are available at https://www.alkhabeer.com/REIT.
Alkhabeer Capital, headquartered in the Kingdom of Saudi Arabia, specializes in alternative investments and investment services. It is authorized by the Capital Market Authority, license number 07074-37.