On Tuesday, August 22, 2017, the Saudi market witnessed the listing and commencement of trading of the units of “Al Mather REIT Fund” within the real estate ETF sector under the symbol 4334 with a daily volatility of 10%.

The initial public offering of the fund was completed in the first week of last month. The initial public offering of the fund was completed in the first week of last month, and the coverage ratio reached 1520%, while the total proceeds of the subscription amounted to 2.8 billion riyals.

The listing of Al Muaither REIT is the fifth listing of income-generating real estate ETFs in the Saudi market, after Riyadh REIT, which was listed in November 2016, Al Jazira Mowatan REIT, which was listed last February, Jadwa REIT Al Haramain, which was listed at the end of last April, and Taaleem REIT in May 2017.

The Jadwa REIT Al Haramain Fund, which was listed at the end of last April, and Taaleem REIT, which was listed in May 2017, were also listed in the Saudi market.

Musharaka REIT went public and was covered by 1,021 % and Mulkia Gulf Real Estate REIT was approved. All the fund's primary investments are located in Riyadh, but as a means of diversification, the fund may invest in other regions of the Kingdom, in addition to the possibility of investing a maximum of 25% of the fund's total asset value in real estate located outside the Kingdom.

The Musharakah REIT was launched in May 2017.