An Announcement from Capital Market Authority regarding the approval of Real Estate Investment Traded Fund "SHUAA REIT"
Wednesday, February 20, 2019 at 4:26 PM
Wed Feb 20, 2019 16:26
The Capital Market Authority announces that it has issued its resolution approving Shuaa Capital Saudi Arabia Company's request to offer and register "SHUAA REIT" units on the Saudi Stock Exchange (Tadawul) as Real Estate Investment Traded Fund.
Terms and Conditions (T&Cs) of "SHUAA REIT" can be obtained from the fund manager’s website and the CMA's website, which contain all relevant information that the investor needs to consider before making (or refraining from) an investment decision.
An investment decision without reading the T&Cs carefully or fully reviewing its content may involve high risk. Therefore, investors should carefully read the T&Cs, which include detailed information on the "SHUAA REIT" strategy, objectives and risk factors. Thus, providing potential investors the ability to evaluate the viability of investing in "SHUAA REIT", taking into consideration the associated risks. And if the T&Cs prove to be difficult to understand, it is recommended to consult an authorized financial advisor.
The CMA’s approval of "SHUAA REIT" should not be considered as a recommendation to invest in it. The CMA's approval of "SHUAA REIT" merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met.