In continuation to the Capital Market Authority's efforts to develop the Capital Market, protect investors, maintain a stable Capital Market environment and in line with Saudi Arabia’s Vision 2030, and based on the Capital Market Law issued pursuant to the Royal Decree No. (M/30) Dated 02/06/1424 H, the CMA Board issued its Resolution to publish the amended draft of the instructions on Real Estate Investment Traded Funds (REITs) on the Authority’s website, to obtain the public, specialists and interested parties' views for a period of two weeks ending on 21/06/1439 H corresponding to 09/03/2018G. These proposed amendments aim to enhance the principals of investors protection, regulate the aspects that shall boost investments in these funds, to enable specialists, and set out the rules that will limit the risks related to investing in real estate investment traded funds.
read more...↧