Saudi Arabia said to push new REIT listings

05/09/2017 Argaam

The Capital Market Authority (CMA), the Kingdom’s market regulator, and the Saudi Stock Exchange (Tadawul) are launching an initiative to facilitate new listings of real estate investment funds (REITs), Al-Eqtisadiah daily reported, citing unnamed sources familiar with the matter.

 

The move comes as part of the Kingdom’s efforts to encourage private firms to convert into joint stock companies and list their shares on the Saudi exchange, in line with the Saudi Vision 2030.

 

In July, the CMA approved Musharaka Capital’s request to offer and list units of its REIT on the local bourse.

 

Tadawul started listing REITs last year in a move aimed at enhancing transparency in the property sector and easing the Kingdom’s housing shortage. 

 

Five REITs have been listed on Tadawul so far: Riyad REIT, Aljazira Mawten REIT, Jadwa REIT Al Haramain Fund, Taleem REIT and AlMa'athar REIT.

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