Thursday 05, January 2017 by Georgina Enzer

Capital Market Authority announces the Approval of Real Estate Investment Traded Fund " AlJazira Maw

The CMA Board has issued its resolution on 04/04/1438H corresponding 02/01/2017G approving AlJazira Capital Company request to offer, register and list AlJazira Mawten (REIT) units on the Saudi Stock Exchange (Tadawul) as real estate investment traded fund.

AlJazira Mawten (REIT) terms and conditions (T&Cs) shall be available on the fund manager’s website and the Saudi Stock Exchange's (Tadawul) website. The T&Cs must include all relevant information that the investor needs to know before making an investment decision.

An investment decision without reading the T&Cs carefully or fully reviewing its content may involve high risk. Therefore, investors should carefully read the T&Cs, which includes detailed information on the AlJazira Mawten (REIT) strategy, objectives and risk factors. Thus, providing potential investors the ability to evaluate the viability of investing in the AlJazira Mawten (REIT), taking into consideration the associated risks. If the T&Cs prove difficult to understand, it is recommended to consult with an authorised financial advisor prior to making any investment decision.

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.

Features & Analyses