Oman REIT Fund Offers Units for the Public

21 December 2020

CMA Approves the Prospectus of Oman Real Estate Fund at RO 26 Million


The Capital Market Authority has approved the prospectus of Oman REIT Fund pursuant to  the Regulation  for Real Estate Investment Funds and as part of economic diversification initiative Tanfeedh.


The fund will offer 261 million units for  public subscription which represents 40% of the total capital of the fund at RO 65 million with the potential  of increasing the percentage to 60% as per the prospectus.


The prospectus indicates the issue price of the unit is 102 Baisas comprising 100 Baisas as unit value plus 2 Baisas issue expenses. The units will be offered from January 17 to 31, 2021.


The properties portfolio of the offered units  comprises 20 properties including residential, commercial, retail shops and logistics services  all over the Sultanate. The prospectus statesthat the assets converted into investment units are income generating.


Real estate funds provide options for investors to invest in real estate and own investment units in addition to allowing foreign investor to own investment units in the fund to attract foreign capital.