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Real Estate Briefing - Categorized | IPOs/Stock Market, REITs more

Singapore: Islam-compliant REIT targets $541 mln IPO

Posted on 10 November 2010

From WSJ: Sabana Shari’ah Compliant Industrial Real Estate Investment Trust, or Sabana REIT, filed a prospectus with Singapore’s central bank for an initial public offering intended to raise as much as 696.1 million Singapore dollars (about $541 million), in what could be the island nation’s first Shariah-complaint listing as it seeks to grab a larger share of the Islamic finance market.
If the offering succeeds, Sabana would also be the largest listed Shariah-compliant REIT by total assets globally. Its assets are estimated at S$850 million……………………………………….Full Article: Source

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