Saudi Tadawul Group, Wafi ink MoU to encourage listing of real estate firms

08/07/2021 Argaam

Saudi Tadawul Group signed a memorandum of understanding (MoU) with Off-plan Sales or Rent Program (Wafi) to encourage listing of real estate companies and offer them incentives.  

 

Wafi will provide the real estate companies, listed on Saudi Exchange (Tadawul) an incentive to directly pass the Qualification Certificate of the Real Estate Developer Program. 

 

The incentive will allow real estate developers to receive off-plan sales licenses. 

 

Listed real estate developers will be granted a priority in the projects of the of Ministry of Municipal, Rural Affairs and Housing.  

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