MUSCAT: Jabal Real Estate Fund – the newest Real Estate Investment Fund Trust (REIT) in the Sultanate of Oman - has announced the commencement of its Initial Public Offering (IPO). The offering will be available from June 13, 2024, to June 27, 2024.
Promoted by Jebel Investment Fund (Under Formation), the fund is set to offer 138 million units initially, with a provision to expand to 174 million units depending on demand. Each unit is priced at 102 Baisas, with a minimum subscription requirement of 1,000 units and multiples thereof. Investors can subscribe through Sohar Bank, Bank Muscat, and the National Bank of Oman.
The launch of this public offering marks a significant step in the growth of Jabal Real Estate Fund. It offers investors a diversified portfolio aimed at generating attractive returns. The initial portfolio includes key assets such as the Sama Building and the Barka Warehouse, with ambitious plans for future expansion.
Investors in the Jabal Real Estate Fund can expect quarterly dividend distributions, provided profits and cash flow are available. The fund projects an annual investment return of 6% for the years 2025 and 2026, positioning itself as a lucrative opportunity for both local and international investors.
Potential investors are encouraged to thoroughly review the fund’s prospectus to make informed decisions. The detailed prospectus is available online at the Muscat Securities Market website (https://www.msx.om/) and on the Jabal Real Estate Fund’s website (https://jabalomar.com.sa).
The opening of the public offering by Jabal Real Estate Fund is a testament to the growing confidence in Oman’s real estate sector. With its strategic asset portfolio, promising returns, and regular dividend distributions, the fund is poised to attract significant interest from investors looking to capitalize on the burgeoning opportunities in the Sultanate’s real estate market.
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