CMA approves Musharaka REIT
18 Jul 2017

CMA approves Musharaka REIT

The Saudi Capital Market Authority (CMA) announced Monday that it has issued its resolution approving Musharaka Capital’s request to offer, register and list "Musharaka REIT" units on the Saudi Stock Exchange (Tadawul) as Real Estate Investment Traded Fund.

Terms and Conditions (T&Cs) of "Musharaka REIT" 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.

An investment decision without reading the T&Cs carefully or fully reviewing its content may involve high risk. Therefore, investors should carefully read the T&Cs, which include detailed information on the "Musharaka REIT" strategy, objectives and risk factors. Thus, providing potential investors the ability to evaluate the viability of investing in "Musharaka REIT", taking into consideration the associated risks. An d if the T&Cs prove to be difficult to understand, it is recommended to consult an authorized financial advisor.

The CMA’s approval of "Musharaka REIT" should not be considered as a recommendation to invest in it. 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.

Source: Saudi Gazette