Friday, March 29, 2024 | Ramadan 18, 1445 H
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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

Framework for REIT funds by mid-year

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MUSCAT: A keenly-awaited regulatory framework for Real Estate Investment Trust funds (REITs) is expected to be issued before the end of the first half of this year, according to a high-level official of the Sultanate’s Capital Market Authority (CMA). Kemal Rizadi Arbi, an adviser at the Authority, said the draft regulations are currently being reviewed and revised based on feedback from various stakeholders before it can be formally issued to the general public. “The draft regulations were made available to the stakeholders last December and feedback from them is being collated,” Kemal said. “We are amending it right now, having taken into consideration some of the comments we have received. We will also place it before Tanfeedh (the National Programme for Enhancing Economic Diversification) that has mooted the introduction of REITS before it is issued to the public.”


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