Media ININ Economy We Trust
Media IN LONDON and RIYADH, June 26, 2019
The Saudi Stock Exchange (Tadawul) today announced the inclusion of Saudi Stock Exchange in the FTSE EPRA\ Nareit Emerging Index (EPRA: European Public Real-estate Association).
The index is specialized in REITs and real-estate companies, similar to other global indices, a group of securities have been chosen to be reviewed and added periodically and announced on the index official website.
The inclusion of Saudi REITs in global real estate indices will raise the level of Saudi REITs and align it with the international best practices, increase level of disclosure and accessibility to the capital market by foreign investors, and broaden the investors base in the Saudi capital market.
This inclusion comes as a result of Tadawul’s relentless efforts in supporting targeted REITs and other securities to meet the criteria required for the inclusion.
Tadawul launched and listed the Kingdom’s first REIT in late 2016 and since then the number of listed REITs has grown to 17 with a combined market capitalization of nearly $3.5 billion.
