The Capital Market Authority announced the approval of the results of subscription of Oman REIT Fund. 49,943,500 units were subscribed at RO 5 million out of 261,943,500 units offered for subscription. CMA consented to allocate  the units at 100%.

Oman REIT Fund offered 40% of its  RO 65  million capital  at an issue price 120 Baisas comprising  100 Baisas per unit and  2 Baisas issue expenses.

Real estate portfolio of the fund comprises 20 properties including residential and commercial units, offices and logistics services scattered throughout the Sultanate. The prospectus provides the  assets  converted into investment units in the fund are income generating assets.

REIT funds provide several investment options for investors allowing the companies and individuals to invest in properties  through holding investment units in the fund beside  permitting foreign investors to own investment unit in the fund to attract foreign capital to national economy.