SAUDI ARABIA – The Saudi Stock Exchange, Tadawul, will now be included in the FTSE European Public Real Estate Association (EPRA) Nareit Emerging Index Series.
This action, following the recent inclusion into the global market indices, is expected to enhance Saudi REIT market visibility to foreign investors, further broadening its investor base through increased accessibility, and allowing for alignment with the best international practices.
The FTSE EPRA Nareit Global Real Estate Index specializes in tracking performances of listed real estate companies and REITs in both developed and emerging markets. Through its platform, the Index showcases chosen, reviewed securities and assists in facilitating investments into the region. The Index aims to represent trends in eligible real estate equities worldwide, while owning, disposing and developing income producing real estate.
Saudi Arabia's reclassification as an eligible market for the series will benefit the growing demand of international investors looking to gain exposure in the high-potential real estate market of the Middle East. As the largest emerging real estate market by value in the EMEA region, Saudi Arabia's accessibility for global investments will also increase the level of Saudi REITs overall. The market leading series addition resulted from Tadawul's support efforts in assisting certain REITs and other securities to meet criteria requirements for the inclusion.
As the 24th largest stock market in the world, Tadawul is the Kingdom's sole entity authorized to act on its behalf in securities exchanges. Tadawul launched and listed Saudi Arabia's first REIT in 2016, and has since listed 16 additional REITS with a combined market capitalization of nearly $3.5 billion.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
