Alinma Hospitality Fund to debut on Tadawul on Jan. 30

Logo of Alinma Hospitality REIT Fund

The Saudi Exchange (Tadawul) announced the listing and trading units of Alinma Hospitality REIT Fund on the main market as of Monday, Jan. 30, with the symbol 4349 and ISIN code SA15L0523UH6.

The units will have a ±30% daily price fluctuation limit and a ±10% static price fluctuation limit.

These fluctuation limits will be applied during the first three days of listing. From the fourth trading day onwards, the daily price fluctuation limits will revert to ±10%, with the static price fluctuation limit no longer applying.

In September, Alinma Investment obtained the Capital Market Authority’s (CMA) approval on offering units of Alinma Hospitality REIT Fund in an initial public offering (IPO) on the Saudi Exchange (Tadawul) as a REIT, Argaam earlier reported.

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