المادة 48(f): Offering Requirements for REITs

f) The approval of the application for offering will only be given by the Authority if:

1. the Authority has received a notification from the Exchange of the Exchange's conditional approval of the corresponding application for listing pursuant to the Listing Rules;

2. the conditional approval mentioned under sub-paragraph (1) of paragraph (f) of this part has not been withdrawn by the Exchange; and

3. the Authority is satisfied that the information contained in the terms and conditions is complete and fulfills the requirements of the Capital Market Law and its Implementing Regulations.