Alinma Hospitality REIT Fund

Alinma Bank is one of the receiving banks for the Alinma Hospitality REIT Fund IPO, Starting from October 30, 2022 until November 16, 2022.

For more information, the terms and conditions of the fund can be found by visiting the fund manager's website, Alinma Investment Company.

 

IPO channels at Alinma Bank:

  • Alinma App
  • Alinma Internet
  • Alinma Bank branches
  • Alinma phone

 

How to Subscribe through Alinma App:

  1. Login to your account
  2. Click on the "Menu" icon.
  3. Choose "Investment"
  4. Choose "IPO services"
  5. Choose “Current IPOs”
  6. Choose the IPO you wish to subscribe to.
  7. Agree to the terms and conditions by clicking on Agree
  8. Fill in the required data
  9. Click Next
  10. Press to subscribe
  11. Click Confirm

 

About the fund:

Alinma Hospitality REIT Fund is the first real estate traded fund specialized in the hotel sector in the Saudi market. A closed public real estate investment fund and compliant with Sharia standards and controls, and is established in accordance with the Real Estate Investment Funds Regulations.

The investment objective of the fund is to achieve continuous and growthable cash dividends for unit holders and develop the fund's assets through direct investment in structurally developed and income-generating real estate. The fund intends to focus heavily on the hotel sector, hospitality and tourist accommodation in its investments. The fund manager also aims to distribute profits at least twice annually, so that the distributions are not less than (90%) of the fund's net profits.

Additionally, this type of specialized funds offers diversification to the real estate fund market and allows investors to diversify their investment portfolios based on their investment orientations and determine the sectors they wish to invest in.

 

Open your account easily through the app & earn 10,000 welcome points in Akthr loyalty program

 

Open Your Account Now Issue your digital card now

 

Steps to open an account

  1. Download alinma App
  2. Via alinma App, Click on “Open Account Online in Alinma bank”
  3. Enter your ID and mobile number registered in NAFATH.
  4. Login into ABSHER system to verify the Identity.
  5. Enter the required data and complete your account opening.

 

Steps to open an account for youth (15-18 years)

  1. Download alinma App.
  2. Click on “Open Account Online in Alinma bank”.
  3. Enter your ID and mobile number registered at NAFATH.
  4. Login into ABSHER to verify the Identity.
  5. Add guardian information for verification.
  6. Send SMS to guardian mobile number to share it with dependent to proceed with opening Account process.
  7. Enter OTP that sent via SMS to guardian mobile in verification code filed.

 

Terms & Conditions:

  1. The offer is valid from 5 to 12 December 2023 through Alinma app.
  2. You must register in the loyalty program Akthr before the end of December 12, 2023 to be entitled to points
  3. Points will be added after the end of the campaign for registered customers within a maximum period of 5 working days.
  4. This offer is applicable to new customers only, existing customers are excluded from the offer.
  5. Alinma Bank has the right to amend or change the terms and conditions of the offer.