Eskan Bank announces 22 November for retail REIT public offering

 

Manama, Kingdom of Bahrain –13 November 2016: Eskan Bank announced today that it has finalised the formal registration of its groundbreaking real estate investment trust (REIT) with the Central Bank of Bahrain (CBB), which marks completion of all CBB-related regulatory requirements. This will now enable the REIT to be launched to Bahraini and GCC institutional and retail investors on Tuesday 22 November, with a subsequent listing on the Bahrain Bourse (BHB). Securities & Investment Company (SICO) is the mandated Lead Manager for the public offering and listing of Bahrain’s first Sharia-compliant real estate investment trust (REIT) that is open to retail investors, as well as the sub-investment manager and dedicated market maker.

 

The full press release in English and Arabic can be downloaded here