With a target capitalization of SAR 572.4 million, the “Al Masha'ar REIT” fund started offering and trading its units last Thursday within the ETF sector under the code 4337, with a daily volatility of 10%. The initial public offering of the “Al Masha'ar REIT Fund” was completed last November, with a coverage ratio of 1,100TP3T.

The listing of the “Al Masha'ar REIT” fund is the ninth listing of income-generating real estate ETFs in the Saudi market, after each of the “Gulf Properties REIT” and the “Musharaka REIT Fund”.

The listing of Al Mashaer REIT is the ninth listing of REITs in the Saudi market, after Gulf Real Estate Properties REIT, Musharaka REIT, Riyad REIT, Al Jazira Mowatan REIT, Jadwa REIT Al Haramain, Taaleem REIT, Al Maather REIT, and Al Ahli REIT 1.

The fund seeks to be a publicly traded REIT. The Fund generally seeks to acquire or invest in the following types of income-producing real estate assets located in the holy cities of Makkah and Medina in the Kingdom of Saudi Arabia consisting of commercial real estate assets, shops, mixed-use real estate assets (commercial, residential, hotel, etc.) and luxury office buildings.

The Fund generally seeks to acquire or invest in the following types of income-producing real estate assets located in the holy cities of Makkah and Medina in the Kingdom of Saudi Arabia: commercial, retail, mixed-use (commercial, residential, hotel etc.) and luxury office buildings.