The Saudi Capital Market Authority (CMA) has approved Al Rajhi Capital's request to offer, register and list units of the Al Rajhi real estate investment traded fund (REIT) on the Saudi Stock Exchange (Tadawul).
Terms and conditions of the REIT can be obtained from the fund manager’s website and the CMA website, the regulator said in a statement on Tuesday.
In November last year, the regulator approved a request by Riyad Capital to register and list its REIT as the first real estate investment traded fund in the market.
Other REITs have been listed on Tadawul since then, including Aljazira Mawten REIT, Jadwa REIT Al Haramain Fund, Taleem REIT, AlMa’athar REIT, Musharaka REIT, Mulkia REIT, AlMasha’ar REIT, AlAhli REIT Fund (1), Wasatah REIT and SEDCO Capital REIT.
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