AlJazira Capital to list REIT on Tadawul
Saudi Arabia’s Capital Market Authority has given the green light for AlJazira Capital Company to trade units of its REIT, AlJazira Mawten, on the Saudi Stock Exchange.
“The T&Cs must include all relevant information that the investor needs to know before making an investment decision,” a bourse filing read. “The CMA’s Board approval of the AlJazira Mawten (REIT) should never be considered as a recommendation to invest in it. The Board's approval of the AlJazira Mawten (REIT) merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met.”
No further information about the fund has been provided.