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Al Jazira Mawten REIT units to be listed, traded Wednesday

Al Jazira Mawten REIT units to be listed, traded Wednesday
(Photo credit: Arabianeye - Reuters)

Riyadh – Mubasher: Saudi Stock Exchange (Tadawul) announced listing and trading the units of Al Jazira Real Estate Investment Traded Fund “Al Jazira Mawten REIT” as of Wednesday.

The REIT will be listed with the symbol 4331 in the real estate investment traded funds (REITs) sector, with a 10% daily price fluctuation limit per unit, according to a bourse filing.

The main investment objective of the REITs is investing in developed real estate that generate rental income. 

REITs are accessible to all investor segments to buy and sell units in the same method currently used for equities, the statement said.