Tadawul announces list of Al Jazira Mawten REIT

14/02/2017 15:48 AST

The Saudi Stock Exchange (Tadawul) announces the listing and trading units of Al Jazira Real Estate Investment Traded Fund "Al Jazira Mawten REIT" as of Wednesday 15/02/2017, with the symbol 4331 in the Real Estate Investment Traded Funds (REITs) sector, with a 10% daily price fluctuation limit per unit.

According to the Real Estate Investment Traded Funds Instructions announced by the Capital Market Authority (CMA) on Sunday 30/10/2016, the main investment objective of Real Estate Investment Traded Funds - known globally as REITs - is investing in developed real estate that generate rental income.

REITs are accessible to all investor segments to buy and sell REITs units in the same method currently used for equities.


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