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The Capital Markets Authority (CMA) announced its decision to approve the application of Shuaa Capital, Saudi Arabia, to introduce and register Shuaa Reta shares in the market in as shares of a real estate investment fund with shares of a public offering for the savings.
The general terms and conditions of the SHUAA Fund are available on the websites of the Fund Manager and the AMC, which contain the information and data that an investor must know before making an investment decision.
The investment decision, without review of the general conditions or study of its contents, may involve high risks. The investor should review the general conditions, which contain detailed information about the Fund's objectives and strategy as well as the risk factors, and carefully consider them to assess the feasibility of investing in the Fund. If it is not possible to understand the content of the terms and conditions, it is advisable to consult a certified financial advisor.
She also pointed out that the approval by the Authority to introduce, register and include units of SHUAA REIT on the market as shares of one. real estate investment fund should not be considered as a guarantee of the feasibility of its investment. The decision of the Authority to approve compliance with regulatory requirements Financial Regulations and Regulations.
Shuaa Capital Managing Director and General Manager, Omar Al-Jaroudi, has been informed"Numbers" In October 2017, the company's project to create a real estate fund "Rit" in Saudi Arabia, an asset between 500 and 700 million riyals, provided for the signing of an agreement with the owners of the Real estate, as stated at the time, while negotiating with other owners at the time and considering the possibility of adding Property of the hotel.
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