Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) on Thursday approved to implement an initial public offering (IPO) and listing the units of Jadwa Real Estate Investment Traded Fund “Jadwa REIT Saudi Fund" on the Saudi Stock Exchange (Tadawul).
The CMA's approval was based on Jadwa Investment's request.
“Terms and Conditions (T&Cs) of "Jadwa REIT Saudi Fund" can be obtained from the fund manager’s website and the CMA's website, which contain all relevant information that the investor needs to consider before making (or refraining from) an investment decision,” the CMA’s statement added.
The Saudi fund aims to invest in developed properties which can generate gradual and leasing income.
