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Tuesday, 1 November 2016

Saudi bourse says to list multiple real estate funds before yr-end | Reuters

Saudi bourse says to list multiple real estate funds before yr-end | Reuters:

"Saudi Arabia's stock market on Tuesday said it plans to list "multiple" exchange-listed real estate funds before the end of the year.

The Tadawul's statement follows regulations passed by the Capital Market Authority last month which paved the way for "real estate investment traded funds".

These would invest in residential, commercial, industrial, and agricultural real estate, periodically distributing part of their income to holders of the fund."



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