Riyadh – Mubasher: Saudi Arabia’s Capital Market Authority has approved Al Rajhi Capital's request to increase Al Rajhi REIT Fund’s total assets value by issuing additional units for the purpose of acquiring real estate assets, according to a bourse statement released on Wednesday.

The financial regulator’s approval should not be considered “an endorsement of the feasibility of” the transactions, the statement added.

Al Rajhi Capital will publish the terms and conditions of the fund to unit-holders including the objectives and rationale of increasing the fund's total assets before the unit-holders meeting to vote on the asset increase.