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Mulkia Gulf REIT raises capital by 13.5%

Mulkia Gulf REIT raises capital by 13.5%
The Elite Mall

Riyadh – Mubasher: The unitholders’ meeting for Mulkia Gulf REIT Fund has approved increasing the fund’s capital by acquiring Elite Mall.

The fund’s capital has been increased from SAR 600 million to around SAR 681.1 million, according to a statement by Mulkia Investment Company to the Saudi Stock Exchange (Tadawul) on Wednesday.

Other approved terms and conditions included raising the total value of the fund's assets from SAR 751 million to SAR 971.3 million, as well as the number of units, definitions, and the mechanisms to increase the value of assets and allocation.