ILAM FAHARI I-REIT redemption offer oversubscribed by 13%
The payments to unit holders will be done on Oct 24 while the suspension of trading in ILAM Fahari units at the NSE will be lifted on Oct 25.
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The payments to unit holders will be done on Oct 24 while the suspension of trading in ILAM Fahari units at the NSE will be lifted on Oct 25.
The transaction targeted the redemption of up to 36.5 million REIT units
Property fund ILAM Fahari I-Reit plans to sell some of its assets to improve returns from its real estate portfolio.
The property investor is run by ICEA Lion Asset Management which says the proposals to restructure the business are being reviewed by regulators.
NAIROBI, Kenya July 12 - Investment Management Firm (ICEA LION) Asset Management has urged investors to invest in the Nairobi Securities Exchange (NSE) Kenya breaking news | Kenya news today |