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Sabana REIT prices shares to raise S$533.4 mln in IPO

Posted on 23 November 2010

From Bloomberg: Sabana Shari’ah Compliant Industrial REIT said it plans to raise S$533.4 million ($412 million) in an initial share sale in Singapore to create the world’s biggest Shariah-compliant property trust by assets.
Sabana will sell 508 million shares at S$1.05 each, at the mid-point of its pricing range of S$1 to S$1.10, according to a filing with the Monetary Authority of Singapore……………………………………….Full Article: Source

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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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