Bahrain Bourse creates REITs market
MANAMA, March 15, 2016
Bahrain Bourse has issued a resolution in respect of the creation of the real estate investment trusts (REITs) market and adding it to its markets.
Yusuf Abdullah Humood, chairman, said that in this market, REITs licensed by the Central Bank of Bahrain (CBB) can be listed and traded by investors in the secondary market in accordance to the general trading guidelines in BHB’s Rulebook.
The details of the market and the trading mechanism of REITs will be announced later on by the chief executive officer of the bourse, he said.
Meanwhile, the automated trading system at Bahrain Bourse comprises several markets such as the equity market, debt market, mutual funds market, treasury bills market, and the REITs market, said a statement.
Those markets provide investors with various options that will enable them to manage their portfolios in order to diversify their risk and maximise their profitability, it added. - TradeArabia News Service
