Libya To Get First REIT By February/March

News: A group of private investors intends to establish the first real estate investment trust (REIT) in Libya, according to Husni Bey, head of HB Group, one of the fund's launchers. The fund is expected to entail an investment of LYD165mn (US$131.86mn) and fully comply with Islamic law, Bey said. It is expected to be listed by either February or March on the small Tripoli stock exchange.

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Related sectors of this article: Real Estate
Geography: Libya

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