Oman REIT Fund is planning the sultanate’s biggest property trust IPO

Oman REIT Fund is planning the sultanate’s biggest property trust IPO

Photo: Silas Baisch / Unsplash

Dinesh Nair

28 October, 2020

Oman REIT Fund is planning an initial public offering that could raise about $100 million, in what could be the biggest-ever listing of a property trust in the Gulf sultanate, people with knowledge of the matter said.The REIT, managed by Shumookh Fund Management LLC, plans to seek a valuation of $170 million or more, according to the people, who asked not to be identified because the information is private. It aims to offer an annual dividend yield of about 7%, the people said.

OmanOman REIT Fund

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