Riyadh - Mubasher: Al Tayyar Travel Group Holding Company has signed a memorandum of understanding (MOU) with Alistithmar Capital to establish a real estate investment traded fund (REIT).
The company said in a statement to the Saudi Stock Exchange (Tadawul) on Sunday that the aim of the fund is to offer four of the group’s hotel properties in Makkah in an REIT, with Al Tayyar maintaining the majority stake, in accordance to the rules and regulations of the Capital Market Authority (CMA).
