Musharaka Finance holds its introductory forum for real estate traded funds
21 December 2016
Musharaka Financial Company held the Musharaka REITs Forum last Tuesday evening, with the participation of the Capital Market Authority (CMA) and the Saudi Stock Exchange (Tadawul). The event was attended by business leaders and investors from the real estate and investment sectors in the Eastern Region.
The forum aimed to introduce Real Estate Investment Traded Funds (REITs) as a new investment and real estate product, following the recent approval of its regulatory framework by the Capital Market Authority.
The event began with a presentation by Mr. Ibrahim bin Fahd Al-Assaf, CEO of Musharaka Financial Company, covering the key features of REITs, their expected impact on the real estate market, and their benefits for investors.
Following the presentation, Mr. Talat Zaki Hafiz, Secretary-General of the Banking Media and Awareness Committee of Saudi Banks, moderated the panel discussion, which featured:
- Ibrahim bin Fahd Al-Assaf, CEO of Musharaka Financial Company
- Naif bin Saleh Al-Azhel, Director of Primary Markets at Tadawul
- Mazen bin Abdulshakour Jazar, Investment Product Issuance Consultant at the Capital Market Authority
The panel discussion explored key aspects of REITs, including:
- Their expected impact on the Saudi real estate market
- Regulatory frameworks and guidelines governing REITs
- Trading mechanisms for REIT units on Tadawul
At the end of the session, the panelists answered questions from the audience.