Tuesday, September 18, 2018 16.35PM / Dubai Financial
Market
The Dubai Financial Market (DFM) today published the Rules on Listing and Trading of Investment Funds and Real Estate Investment Trusts (REITs). The DFM has prepared the regulation in line with international best practices and has received the approval of Securities and Commodities Authority (SCA), paving the way for launching DFM’s REITs Platform during the next few months. The new platform will represent a significant addition to financial products on DFM.
Hassan Al Serkal, Chief Operating Officer
(COO) and Head of Operations Division of DFM said: “As we officially publish
this regulation, we are concluding our preparations for this significant step
within the context of our 2021 strategy, which aims to diversify product
offerings, providing various market participants with new investment
opportunities. Currently, we are at an advanced stage of discussions with a
potential issuer to list their REIT once they receive the SCA’s approval.”
Hassan Al Serkal: “The DFM is all set
for launching REITs Platform, in line with our 2021 strategy, which aims to
diversify product offerings, providing market participants with new
opportunities”
It is noteworthy that the DFM has
recently signed a Memorandum of Understanding (MoU) with Dubai Land Department
(DLD) to open up new opportunities in the financial market for real estate
companies, with a particular focus on real estate trust funds (REITs), and
facilitate the listing of both the companies operating in the real estate
sector and their assets.
Read the regulation on
listing and trading of Real Estate trust funds (REITs) through the below link:
https://www.dfm.ae/regulations/market-rules
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