Sabana REITs closed its initial public offering on Thursday the 19th November after raising SG$636.1 million (US$491 million) and is due to start trading this week on the Singapore exchange as the first Shariah compliant REITs. The IPO has been priced at SG$1.05 (US$0.8) per unit, marking the mid-point of the SG$1.00 (US$0.76)  to  SG$1.10 (US$0.84)  range that translates into a dividend yield of 8.22% for the year 2011, which is much higher than the risk free rate prevalent in....