Saudi Arabia’s Capital Market Authority (CMA) has approved Alkhabeer Capital's request to offer, register and list units of Alkhabeer REIT on the Saudi Stock Exchange (Tadawul), it said in a statement on Tuesday.

 

Details of the fund will be available on the CMA and fund managers’ websites.

 

Tadawul started listing real estate investment trusts (REITs) in 2016, in a move aimed at enhancing transparency in the property sector and easing the Kingdom’s housing shortage.

 

The fund allows investors to access the local real estate market through purchasing existing and developed property.

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