Singapore Exchange lists Sabana REIT

The world’s largest Shari’ah-Compliant REIT opens its doors to a pool of investors who require their investments to be made in accordance with Shari’ah investment principles.

Singapore Exchange on Friday welcomed the listing of Sabana Shari’ah Compliant Industrial Real-Estate Investment Trust (Sabana REIT), on its Mainboard with a ticker symbol of “M1GU”. Sabana REIT is the largest Shari’ah compliant REIT in the world by market capitalisation and Singapore's first Shari’ah compliant REIT.

Sabana REIT will initially hold 15 industrial properties in Singapore with an aggregate floor area of 3.3 million square feet. It invests principally in real estate-related assets that are in line with Shari’ah investment principles as well as income-producing real estate used for industrial purposes in Asia. With its Shari’ah compliant status, Sabana REIT will be available to a pool of investors who require their investments to be made in accordance with Shari’ah investment principles, according to an SGX report.

“We are pleased to welcome Sabana REIT to SGX and to support it in its growth. Further to reinforcing SGX’s position as a preferred listings platform for REITS and property trusts in Asia, it also adds to our attraction as an investment destination for global Shari’ah compliant investors,” said Mr Lawrence Wong, Head of Listings, Singapore Exchange.

With a market capitalisation of S$662 million, Sabana brings the total number of REITs & Property Trust listed on SGX to 25, with a combined market capitalisation of S$37 billion.