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Saudi Arabia’s Capital Market Authority said it has approved Saudi Kuwaiti Finance House Company’s request to offer, register and list Al-Markaz REIT Fund units on the Saudi Stock Exchange (Tadawul) as Real Estate Investment Traded Fund.
“The CMA’s approval of Al-Markaz REIT Fund should not be considered as a recommendation to invest in it. The CMA’s approval of Al-Markaz REIT Fund merely means that the legal requirements as per the law and its implementing regulations have been met,” the CMA said in a statement.
Saudi insurance stocks surged on Sunday, with investors expecting the sector to reap significant dividends following the lifting of the ban on female drivers.
Insurance stocks — one of the
The MSM30 index ended lower on Sunday and closed at 4593.87 points, down by 0.36 per cent. MSM Sharia Index closed at 658.87 points, down by 0.12 per cent. Galfar Engineering and construction was the
Times of Oman
Saudi Arabia’s Tadawul index jumped on Sunday after the MSCI said it would add the kingdom to its emerging market index, a move that is expected to attract billions of dollars in funds.
Khalid Al-Hussan seemed to be enjoying himself last Thursday at the Riyadh headquarters of Tadawul, the Saudi Arabia stock exchange, of which he is chief executive. In fact, a quiet smile of satisfac
Last week the Dubai Financial Market General Index (DFMGI) got hit hard, falling 110.06 or 3.62 per cent to end at 2,928.17. That’s its largest one-week decline since early November 2017. Weakness wa