Jeddah: Alkhabeer Capital, a prominent asset management company specializing in alternative investments, has announced the successful closing of the Initial Public Offering of its newly-launched 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.

Mr. Ahmed Saud Ghouth, Chief Executive Officer of Alkhabeer Capital, said: "We are delighted at the successful response to our IPO, which makes the Alkhabeer REIT Fund another milestone on our journey of continuous success. I would like to express our thanks and appreciation to our clients for their trust and assure them we will strive to achieve the investment objectives of the Fund in their best interest and by meeting their expectations.” 

Information about the units’ allocation and the refund of excess funds will be announced to investors within 10 business days from the IPO closing date.

The Fund invests in seven income generating real estate assets at prime locations in Riyadh, Jeddah and Tabuk. More information about the Fund, including an executive summary, terms and conditions and risk factors, are available at

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.

About Alkhabeer REIT

Alkhabeer REIT is a closed-ended Shari’ah compliant real estate investment traded fund, created in accordance with applicable Saudi laws and regulations and operates under Capital Market Authority regulations and directives. The offering and listing of Alkhabeer REIT Units on the Saudi Stock Exchange (Tadawul) was approved by CMA on 07.02.1440H, corresponding to 16.10.2018G.

Note: Investing in the Real Estate Investment Traded Fund is high risk. The investor may recover less than the amount invested.

The Fund Manager has invested in Alkhabeer REIT.

About Alkhabeer Capital

Alkhabeer Capital is an asset manager specialized in alternative investments and providing innovative world class investment products and solutions to institutions, family groups and qualified high net worth investors. Alkhabeer’s Shari‘ah compliant business activities are distinguished by executional vigor and a profound understanding of clients’ needs and risk profiles.

Alkhabeer’s asset management services focus on providing investment opportunities in domestic, regional and international capital markets through a wide range of real estate and private equity funds. Our real estate investment team structures and develops innovative real estate investment products. Alkhabeer’s private equity services develop products to benefit from attractive opportunities in a number of sectors including education, healthcare and other sectors.

In addition, Alkhabeer’s asset management services provide its clients with investment opportunities in capital markets, while Alkhabeer’s Investment Banking provides dedicated investment services, including merger and acquisitions. Alkhabeer also provides advisory services on structuring Waqf entities and managing Waqf wealth through its Waqf Program.

Headquartered in Jeddah, and with a branch in Riyadh, Kingdom of Saudi Arabia, Alkhabeer Capital is regulated by the Capital Market Authority (CMA), license no. 07074-37.

For more details on Alkhabeer Capital, please visit

Alkhabeer Capital on Social Media:                

For further information, contact:

Abdulrahman Omar Baroom

Director of Corporate Services Division

Alkhabeer Capital

Direct +966 12 612 9344


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