Saudi CMA approves raising Mulkia REIT assets
Riyadh – The Saudi Capital Market Authority (CMA) has affirmed Mulkia Investment Company's solicitation to expand Mulkia-Gulf Real Estate REIT Fund all-out resources esteem by giving extra units.
Mulkia-Gulf Real Estate REIT Fund is expanding its capital with a mean to get new properties, as per an announcement to the Saudi Stock Exchange.
The endorsement was conceded following the store chief's consistency with the applicable prerequisites according to the Real Estate Investment Funds Regulations and Real Estate Investment Traded Funds Instruction.
Unitholders will cast a ballot in their next gathering on expanding the reserve's complete resources esteem by giving extra units.
The reserve was recorded on Tadawul in November 2017, with a SAR 600 million capital, appropriated more than 60 million units with a standard estimation of SAR 10 for each unit.
/ Source: https://www.zawya.com/
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