Saudi Arabia’s Capital Market Authority (CMA) has approved Albilad Capital’s request to offer, register and list units of Albilad Fund of REITs Funds on the Saudi Stock Exchange (Tadawul), the market regulator said in a statement.
Details about the fund will be available on the CMA and fund managers’ websites.
Tadawul started listing REITs in 2016, in a move aimed at enhancing transparency in the property sector and easing the Kingdom’s housing shortage.
The funds allow investors to access the local real estate market through purchasing existing, developed property.
Comments
{{DisplayName}}
{{ElapsedTime}}