RIYADH — Saudi Fransi Capital announces the successful conclusion of the initial public offering (IPO) of Bonyan REIT, the largest REIT to be offered to date in the Kingdom.

The fund has a size of SR1,628,811,000 of which about 65,152,440 units at a par value of SR10 was offered to the public during April 15 to May 3.

The IPO had been made available through Saudi Fransi Capital and 5 receiving banks, which included Al Rajhi Bank, National Commercial Bank, Samba Financial Group, Riyad Bank, and Banque Saudi Fransi.