CMA nods to Maarif REIT Fund IPO

Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has approved Osool & Bakheet Investment Company’s request to launch an initial public offering (IPO) for Maarif REIT Fund's units on the Saudi Stock Exchange (Tadawul).

Maarif REIT Fund’s terms and conditions can be obtained via the CMA and the fund manager's websites, the CMA said in a statement on Tuesday.

“The CMA’s approval of Maarif REIT should not be considered as a recommendation to invest in it. The CMA's approval of Maarif REIT merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met,” the statement concluded.

Mubasher Contribution Time: 11-Sep-2018 11:53 (GMT)
Mubasher Last Update Time: 11-Sep-2018 12:02 (GMT)

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