Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana REIT) said it planned to raise up to S$696.1 million through an initial public offering (IPO), according to a prospectus it has filed with the Monetary Authority of Singapore (MAS) . It said it planned to sell 632.8 million units, with each unit priced between S$1 and S$1.10. If successful, this would make it the first...
Sabana REIT
Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana REIT) plans to raise up to S$696.1 million through an initial public offering (IPO), according to a prospectus it has filed with the Monetary Authority of Singapore (MAS). Sabana said it plans to sell 632.8 million units, with each unit priced at between S$1 and S$1.10. If successful, this would make it the first Shariah-compliant...
Sabana Reit is planning to raise about $600 million in an initial public offering on the Singapore Exchange in the first syariah-compliant listing here, a person familiar with the situation said yesterday. The company - poised to become the largest syariah-compliant real estate investment trust in the world - is planning to launch the offering by the end of the year, the source told Dow Jones...
Developer Sim Lian Group, through its subsidiary Geo-Tele, has offered to sell its property at 9 Tai Seng Drive to Sabana Investment Partners (SIP) for S$46.3 million. The construction and property company said the offer price represents a premium of 78 per cent over the book value and presents an attractive opportunity for it to dispose of the asset. The firm will require the approval of JTC...