Oman REIT Fund is planning an initial public offering that could raise about $100 million, in what could be the biggest-ever listing of a property trust in the Gulf sultanate, people with knowledge of the matter said.The REIT, managed by Shumookh Fund Management LLC, plans to seek a valuation of $170 million or more, according to the people, who asked not to be identified because the information is private. It aims to offer an annual dividend yield of about 7%, the people said.
Start your deal-making journey now!
Subscribe now to enjoy unlimited access at just $59.
Premium coverage on private equity, venture capital, and startups in Asia.
Exclusive scoops from our reporters in nine key markets.
In-depth interviews with industry leaders shaping the ecosystem.
