OMR65.48 million Oman REIT Fund launched
By: Times News Service
Muscat: Bringing excitement to Oman’s real estate market, Jasser Al Aulaqi, the CEO of Shumookh Fund Management, has announced the launching of OMR65.48 million Oman REIT Fund , one of the largest real estate investment funds in the Sultanate.
The fund’s OMR39.28 million IPO (initial public offering), representing 60 per cent of the total fund, will be available for subscription from January 17 to January 31. Shumookh Fund Management is the sponsor and investment manager of the fund while the United Securities is the issue manager, handling the public offer.
“Oman REIT Fund offers an investment opportunity to the investors to participate in Oman’s high potential real estate market by allowing them access to a diversified portfolio of real estate assets located at strategic locations across the Sultanate,” Aulaqi said.
Oman s benchmark Muscat Securities Market (MSM) general index 30 lost 34.6 points, comprising a decline by 0.94 per cent to close at 3,638.84) points, compared to the last session, on Thursday.
Muscat Securities Market Moves Under the Umbrella of the Oman Investment Authority
Posted on 01/14/2021
The Muscat Securities Market is Oman’s stock market. The stock market owner converted into a closed joint stock company and moved under the ownership of the state-owned Oman Investment Authority (OIA). The Oman Investment Authority is the reorganized sovereign wealth fund, with origins from the Oman State General Reserve Fund.
In addition, the Muscat Securities Market was renamed to the Muscat Stock Exchange. All assets and employees of the Muscat Securities Market will be transferred to that new entity.
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