Alkhabeer Capital, a major Saudi-based asset manager specialising in alternative investments, has announced that its shari’a-compliant real estate investment traded fund, Alkhabeer REIT, will be included in the FTSE EPRA Nareit Global Real Estate Index starting from September 21.
 
FTSE EPRA Nareit Real Estate Index is globally recognized listed real estate benchmarks and is tracked by over an estimated $340 billion in assets.
 
It was established by FTSE Russell, in collaboration with the European Public Real Estate Association and the US-based National Association of Real Estate Investment Trusts.
 
Jeddah-based Alkhabeer Capital said the announcement was made by FTSE Russell as part of the FTSE EPRA Nareit Global Real Estate Index September 2020 quarterly review, which concluded on September 4.
 
On the key milestone, CEO Ahmed Saud Ghouth said: "The inclusion of Alkhabeer REIT in this prominent index is a significant achievement and a remarkable milestone in our journey towards achieving long-term growth and driving greater value to investors."
 
"The inclusion of Alkhabeer REIT in the index is expected to result in higher visibility and increase in the trading volume of the Fund's units from local as well as international institutional investors," he added.-TradeArabia News Service

Copyright 2020 Al Hilal Publishing and Marketing Group 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.