19 Hrs
Source:
الاقتصادية
Saudi Sukuk Funds 329M Riyals in Real Estate
Sukuk Financial Company of Saudi Arabia closed five real estate contributions during the "Contributions Month," with total offerings amounting to approximately 329 million Riyals. The developmental real estate value for the projects reached around 593 million Riyals. The contributions included residential projects in Riyadh and Al Khobar, spanning villas, townhouses, multi-story buildings, residential apartments, and closed compounds. Investor demand was high, with one of the contributions closing within 16 minutes. Over 6,182 investors participated in the public offerings, most of whom were individuals, while 972 investors took part in the private offerings, primarily qualified investors. These contributions come as part of the company's response to the rising demand for real estate opportunities and the diversification of options available in the Saudi market.
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