Al Mashaar REIT receives SAR 19 mln lease income for H1

31/01/2018 Argaam

Muscat Capital’s Al Mashaar REIT Fund has received a SAR 19.3 million lease income for its constituent units, covering the first half of 2018, , the fund manager said in a stock market filing.

 

The Saudi-listed fund collects lease payments for six months in advance, as widely applicable in the Saudi market.

 

As per the listing memo, the fund would distribute 90 percent of its annual income to unit-holders, excluding capital gains from asset disposals.

 

Rental income is usually invested in bank deposits and other investments in line with market regulations, the manager added.

 

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read