Riyadh – Mubasher: The Capital Market Authority of Saudi Arabia (CMA) on Wednesday announced that it has approved Derayah Financial Corporation Company’s request to offer, register, and list Derayah REIT’s units on the Saudi Stock Exchange (Tadawul) as a real estate investment traded fund (REIT).
Investors must acknowledge terms and conditions of Derayah REIT, which include detailed information on the fund’s strategy, objectives, and risk factors, the CMA added in a statement.
“An investment decision without reading the terms and conditions carefully or fully reviewing its content may involve high risk,” the authority pointed out.
The CMA’s approval of Derayah Financial’s request should not be considered as a recommendation to invest in it, the statement indicated, adding that this means that the legal requirements as per the capital market law and its relative implementation regulations have been met.
