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Market | REITs

DFM Publishes Rules On Listing And Trading Of Investment Funds And REITs

Sep 18, 2018   •   by   •   Source: Proshare   •   eye-icon 2167 views

Tuesday, September 18, 2018  16.35PM / Dubai FinancialMarket 

 

The Dubai Financial Market (DFM) todaypublished the Rules on Listing and Trading of Investment Funds and Real EstateInvestment Trusts (REITs). The DFM has prepared the regulation in line withinternational best practices and has received the approval of Securities andCommodities Authority (SCA), paving the way for launching DFM’s REITs Platformduring the next few months. The new platform will represent a significantaddition to financial products on DFM.

 

Hassan Al Serkal, Chief Operating Officer(COO) and Head of Operations Division of DFM said: “As we officially publishthis regulation, we are concluding our preparations for this significant stepwithin the context of our 2021 strategy, which aims to diversify productofferings, providing various market participants with new investmentopportunities. Currently, we are at an advanced stage of discussions with apotential issuer to list their REIT once they receive the SCA’s approval.”

 

Hassan Al Serkal: “The DFM is all setfor launching REITs Platform, in line with our 2021 strategy, which aims todiversify product offerings, providing market participants with newopportunities

 

It is noteworthy that the DFM hasrecently signed a Memorandum of Understanding (MoU) with Dubai Land Department(DLD) to open up new opportunities in the financial market for real estatecompanies, with a particular focus on real estate trust funds (REITs), andfacilitate the listing of both the companies operating in the real estatesector and their assets.

 

Read the regulation onlisting and trading of Real Estate trust funds (REITs) through the below link:

https://www.dfm.ae/regulations/market-rules  

 
Proshare Nigeria Pvt. Ltd.

 

 

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