Alkhabeer Capital, a major Saudi-based asset manager specialising in alternative investments, has announced that  its shari’a-compliant real estate investment traded fund, Alkhabeer REIT, will be included in the FTSE EPRA Nareit Global Real Estate Index starting from September 21. 

 

FTSE EPRA Nareit Real Estate Index is globally recognised listed real estate benchmarks and is tracked by over an estimated $340 billion in assets. 

 

It was established by FTSE Russell, in collaboration with the European Public Real Estate Association and the US-based National Association of Real Estate Investment Trusts.

 

Jeddah-based Alkhabeer Capital said the announcement was made by FTSE Russell as part of the FTSE EPRA Nareit Global Real Estate Index September 2020 quarterly review, which concluded on September 4.

 

On the key milestone, CEO Ahmed Saud Ghouth said: "The inclusion of Alkhabeer REIT in this prominent index is a significant achievement and a remarkable milestone in our journey towards achieving long-term growth and driving greater value to investors."

 

"The inclusion of Alkhabeer REIT in the index is expected to result in higher visibility and increase in the trading volume of the Fund's units from local as well as international institutional investors," he added.-TradeArabia News Service