Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) on Monday approved Alinma Investment Company’s request to offer units of the Alinma Makkah Real Estate Fund in an initial public offering (IPO) as a real estate investment traded (REIT) fund in the Saudi Stock Exchange (Tadawul).

The approval of offering the fund’s units is not considered an authentication to invest in it, the CMA added, noting that its approval means that the fund has complied to the regulatory requirements of Tadawul.