Riyadh – Jadwa Investment Company, manager of Jadwa REIT Saudi Fund, said the fund’s board approved a suggested change in the fund’s total asset value.

The fund seeks to acquire a new Riyadh-based real estate asset, subject to the approvals of the Capital Market Authority (CMA) and the Saudi Stock Exchange (Tadawul), according to a bourse filing on Wednesday.

The total value of the fund’s assets will be increased by SAR 370 million through accepting in-kind and cash subscriptions.

The acquisition is expected to reflect positively on the fund’s performance and results, the statement added.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2021 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.