The Clap
Tadawul has announced that the Alinma Hospitality REIT Fund will begin trading on the main market under the trading symbol 4349 as of next Monday.
What
The daily fluctuation limits for the fund will be 30% up or down with fixed fluctuation limits of 10% up or down. These limits will only be applied during the first three days of listing.
So what
The fund is the first real estate traded fund specialized in the hotel sector in the Saudi market.
Now what
The fund aims to distribute profits to its investors at least twice a year, ensuring that the payouts are not less than 90% of the fund’s net profits.
