CMA approves Mulkia-Alajlan Riviera REIT IPO

25/05/2021 Argaam

Saudi Arabia’s Capital Market Authority (CMA) approved Mulkia Investment Co.'s request to offer, register and list units of Mulkia-Alajlan Riviera REIT Fund on the Saudi Stock Exchange (Tadawul), it said in a statement today, May 25, 2021.

 

Details of the fund will be available on the CMA and fund manager’s websites.

 

Tadawul started listing real estate investment trusts (REITs) in 2016, in a move aimed at enhancing transparency in the property sector and easing the Kingdom’s housing shortage.

 

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