UAE’s Shuaa Capital says Saudi subsidiary in early talks to set up REIT

12/10/2017 Argaam

 

Dubai-listed Shuaa Capital said on Thursday that its Saudi unit is in preliminary talks with the Kingdom’s Capital Market Authority (CMA) to set up a new real estate investment trust (REIT),the new vehicle will be listed on Tadawul, the company added in a statement to Dubai Financial Market (DFM).

 

Earlier this month, Omar Al Jaroudi, chief executive of Shuaa Capital Saudi Arabia said the company is planning to establish a REIT with assets between SAR 500 and SAR 700 million, Argaam reported.

 

The fund will also study buying hotel assets. 

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read