The Capital Market Authority has announced the end of subscription period of Aman Real Estate Investment Fund and that the issue was covered at 50% of the total units offered for public subscription at 100 million units at a total value of RO 10 million.

As per the prospectus approved by the CMA the units of Aman Real Estate Investment Fund will be listed on the MSM on Sunday March 15.

CMA has closed subscription in the fund on 1^st March 2020.  Aman is the first of this type of funds in the Omani market and will distribute 90% of the net income to investors  holding fund units at 7% dividends in two semi annual payments.

Aman offered 25% of the assets of Sindan Industrial Estate at Halban which is owned by Sindan Development. The company agreed the lease agreement of the properties will be 5 years as per the prospectus.