Riyadh - Mubasher: The Capital Market Authority (CMA) has approved Musharaka Capital’s request to offer, register, and list "Musharaka REIT" units on the Saudi Stock Exchange (Tadawul) as a real estate investment traded fund.
The CMA noted that its approval of listing "Musharaka REIT" should not be considered as a recommendation to invest in the fund, according to a bourse statement issued on Monday.
“The CMA's approval of "Musharaka REIT" merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met,” the statement said.
