Bahrain set to list first real estate investment trust

Bahrain’s first real estate investment trust (REIT) is expected to list on the Bahrain bourse next month.

Bourse chief executive Sheikh Khalifa bin Ebrahim Al Khalifa made the announcement at a press conference on Sunday, Gulf Daily News reported.

A REIT, or real estate investment trust, is an investment vehicle that invests in real estate through properties or mortgages and sells interests in those properties like a stock on exchanges.

REIT listing rules reportedly came into effect on Sunday, enabling the development of a new market for Bahrainis and foreign investors.

Read Full Story: Bahrain set to list first real estate investment trust

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