SEDCO Capital REIT Fund posts SAR 9.9 mln net profit by June 30

08/08/2019 Argaam

 

SEDCO Capital REIT Fund posted a net profit of SAR 9.92 million for the period ending on June 30, 2019, fund manager Saudi Economic and Development Securities Co. (SEDCO Capital) said in a bourse statement on Thursday.

 

Total expenses and fees stood at SAR 28.7 million.

 

Net asset value (NAV) reached SAR 569.1 million, or SAR 9.48 per unit, with the number of total units amounting to 60 million.

 

NAV per unit based on fair value stood at SAR 9.904.

 

The yield for the same period was 3.30 percent, equal to 6.60 percent on an annual basis, the statement added.

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