Saudi-based alternative investment manager, Alkhabeer Capital, is set to have its real estate investment trust (Reit) included in the FTSE EPRA Nareit Global Real Estate Index as of September 21.
The index is tracked by funds with more than an estimated US$340 billion in collective assets.
The inclusion of the Alkhabeer Reit followed a quarterly review of the index which was completed in early September.
Alkhabeer chief executive, Amed Saud Ghouth, hailed the step as a “significant achievement and remarkable milestone”.
He also added that the inclusion of Alkhabeer Reit in the index should result in “higher visibility and increase in the trading volume of the fund's units from local as well as international institutional investors”.
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