Saudi Arabia’s Capital Markets Authority has approved a request from Al Wasatah Al Maliah Company, as fund manager, to increase the total assets value of AL WAHA REIT by issuing additional units to finance the acquisition of real estate assets. The approval was granted on the basis that the request met applicable requirements under the Real Estate Investment Funds Regulations. Ahead of a unitholders’ meeting to vote on the proposed increase, the fund manager will publish a supplementary annex to the fund’s terms and conditions on the fund manager’s website and the exchange’s website, covering the transaction and related risk factors to support informed voting. The unitholder vote will take place at the forthcoming meeting, following publication of the supplementary annex. The CMA also clarified that its approval should not be interpreted as an endorsement of the transaction’s feasibility, but only as confirmation that regulatory requirements under the Capital Market Law and its implementing regulations have been satisfied.
Saudi Arabia Capital Markets Authority 2025-06-04
Saudi Arabia Capital Markets Authority approves AL WAHA REIT total asset value increase through additional unit issuance for real estate acquisitions
The Saudi Arabia Capital Markets Authority has approved Al Wasatah Al Maliah Company's request to increase AL WAHA REIT's total asset value by issuing additional units for real estate acquisitions. This approval confirms compliance with Real Estate Investment Funds Regulations but does not endorse the transaction's feasibility. A supplementary annex detailing the transaction and risks will be published before a unitholders' vote.