Riyadh – Mubasher: 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.
