The Capital Market Authority announced the issuance of its decision approving the request by “Middle East Financial Investment Company” to offer, register, and list units of the “MEFIC REIT Fund” on the market as publicly offered, tradable real estate investment trust (REIT) units.

In a statement, the Authority said that the terms and conditions of the “MIFAC REIT” are available on the fund manager’s website and on its own website, which contain the information and data that investors need to review before deciding whether or not to invest.

It noted that making an investment decision without reviewing the terms and conditions and studying their content may involve high risks; therefore, investors must review the terms and conditions, which contain detailed information about the fund’s objectives, strategy, and risk factors, and study them carefully to assess whether investing in the fund is advisable given the associated risks. If the contents of the terms and conditions are unclear, it is advisable to consult a licensed financial advisor.

She stated that her approval of the offering, registration, and listing of units of “MIFAC REIT” on the market as tradable real estate investment fund units as an endorsement of the investment’s viability, as the Authority’s approval decision means that regulatory requirements under the Capital Market Law and its implementing regulations have been met.​

There are currently 12 publicly traded real estate investment trusts on the Saudi market, namely the “Riyadh REIT,” the “Al-Jazirah Mawtan REIT,” the “Jadwa REIT Al-Haramain,” the “Taaleem REIT,” “Al-Ma’athar REIT,” “Musharaka REIT,” ”Mulkiyah – Gulf Real Estate REIT,” “Al-Mashair REIT,” “Jadwa Saudi REIT,” “Al-Ahli REIT 1,“ ”Al-Rajhi REIT,” and ”Daraya REIT,” which was listed today.