Muscat, Units of Oman Real Estate Fund was listed in the parallel market, Muscat Securities Market (MSM) today, with a capital of RO 65.5 million, divided in 654.8 million units at an issue rate of 102 baisas (100bz as value of unit and 2bz at issuance fees).
Oman Real Estate Fund consists of 22 investment portfolios. It is expected to have a return of not less than 7 per cent every three months. It will boost the real estate sector in the Sultanate by providing liquidity and unrolling a variety of sale and purchase instruments.
Source: Oman News Agency