Saudi CMA approves listing of Jadwa REIT, Swicorp Wabel REIT

Saudi Arabia’s Capital Market Authority (CMA) has approved Jadwa Investment Company and Swicorp Company’s request to offer, register, and list units of the Jadwa REIT Saudi Fund and Swicorp Wabel REIT, respectively, on the Saudi Stock Exchange (Tadawul), the market regulator said on Thursday.

The details of the two funds will be available on the CMA and fund manager’s websites, it said in two separate statements.

Tadawul started listing real estate investment traded funds (REITs) last year in a move aimed at enhancing transparency in the property sector and easing the Kingdom’s housing shortage. 

These funds allow investors to access the local real estate market through purchasing existing, developed property.