By: Mohamed Idris
Riyadh - Mubasher: Aljazira Capital doesn’t currently consider investing abroad as part of Aljazira Mawten REIT investments, the assets general manager said on Wednesday.
Waleed bin Ghaith added in his remarks to Mubasher during the press conference of listing the real estate investment traded fund (REIT), that the focus is on the local market, with current investments serving identified goals, such as diversifying investments, raising returns, and choosing the right properties that satisfy the investors’ needs.
The general manager added that this product (REITs) is an important development for the Saudi market, as it allows asset managers to offer profitable real estate investment opportunities with high liquidity to a wide range of investors, as well as allowing owners to list properties in the stock market, making it more liquid.
