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Following the completion of the additional offering, the total asset value of the Fund has reached $652mln, thus positioning it as one of the largest REITs on the Saudi Exchange
Sedco Capital, a leading Saudi asset management advisory firm, said it has completed the second capital increase of its flagship real estate investment fund (REIT). With this, the total asset value of the Fund has surged to SR2.45 billion ($652 million).
Sedco Capital, a global shariah-compliant and asset management and
Achieving 141% oversubscription, making it one of the largest REITs on the Saudi Exchange
Sedco Capital, a shariah-compliant asset management firm, said it has exited its capital built-to-suit real estate fund delivering a 41% net return on invested capital. The Fund began operations in 2018 by acquiring two education-zoned plots in Jeddah.