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08/05/1439 10:26 AST
Riyad REIT announces its intention to establish a sukuk program with a targeted size of one billion Saudi Riyal through a serires of tranches.
Riyad REIT is the first REIT to issue Sukuk program in Saudi Arabia. The program aims to diversify sources of finances and their maturity profiles and to support the expansion of Riyad REIT portfolio by acquiring income producing assets beside the assets announced earlier which will be financed through the capital increase.
The program will be established and launched after completion of all regulatory procedures, as required by the Fund and according the market conditions.
The Funds Board of directors has approved to establish the program on 24/01/2018.
The Fund will announce any other significant development in this regard in due course.
Tadawul
10/10/2025
The US rate cut hopes and Gaza ceasefire positively influenced the Qatar Stock Exchange, which yesterday gained about 36 points and capitalisation add about QR2bn.
The foreign institutions t
Gulf Times
10/10/2025
King Salman Energy Park (Spark) is celebrating the groundbreaking ceremony for the expansion of Yokogawa Saudi Arabia's manufacturing facility within its world-class industrial ecosystem.
T
Trade Arabia
10/10/2025
Saudia, Alrajhi Bank, and Albaik are the top three most persuasive brands in Saudi Arabia when it comes to getting people to buy their products, according to a new survey.
A report from mar
Arab News
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10/10/2025
As part of its continuous preparations for the highly anticipated Gulf Bank 642 Marathon, scheduled to take place on November 29, Gulf Bank has proudly announced the launch of the second edition of t
Kuwait Times
10/10/2025
The Saudi Water Partnership Company (SWPC) has announced that Alkhorayef Water and Power Technologies, a leading player in the kingdom's utility sector, has emerged as the preferred bidder for the Sm
Trade Arabia
10/10/2025
Saudi Aramco completed the acquisition of an additional 22.5 percent stake in Rabigh Refining and Petrochemical Co., known as Petro Rabigh, from Japan's Sumitomo Chemical Corp. for $702 million.
Arab News
09/10/2025
Once again, Boubyan Bank reinforces its global, regional and domestic digital banking leadership after being recognized with 4 prestigious awards from Global Finance, as part of its annual awards giv
Kuwait Times
09/10/2025
Guided by its philosophy that sees human capital investment as the foundation of sustainable growth, National Bank of Kuwait successfully concluded its 2025 training program for university students,
Kuwait Times
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