Riyadh – Mubasher: Swicorp Wabel REIT targets generating a net return for investors worth 7.7% in 2018, rising to 8.3% by 2020.
Swicorp eyes total returns of 8.60% over the course of this year and an overall return of 9.04% and 9.20% by 2019 and 2020, respectively, according to the firm’s statement.
The average occupancy rate of the fund’s units reached 96.38%, the statement showed.
The fund will sell 34.40 million units with SAR 10 per unit, while the offering’s total value stands at SAR 354 million, representing 30% of the fund's volume amounted to SAR 1.18 billion.
Moreover, the fund’s initial public offering (IPO) started on 19 March 2018. The IPO would last for 15 working days until 8 April through receiving entities such as Bank Albilad, Banque Saudi Fransi, Al Rajhi Bank, NCB, and Aljazira Capital.
