Musharaka REIT Fund posts SAR 23 mln profit in H1 2019

08/08/2019 Argaam

Musharaka REIT Fund’s net profit stood at SAR 22.8 million for H1 2019, the fund manager Musharaka Capital said in a bourse statement on Thursday.

 

Net Asset Value (NAV) stood at SAR 889.9 million, while NAV per unit hit SAR 10.11.

 

The fund reported SAR 15.51 million in total expenses and fees.

 

Total number of issued units reached 88 million for the same period.

 

Total return stood at 3.5 percent for the first half of the year, the statement added.

 

Income Statement

Item

H1 2018**

H1 2019

Revenue (SAR mln)

65.47

47.52

Net operating profit (SAR mln)

54.71

29.01

Net operating profit per unit (SAR)

0.62

0.33

Net profit (SAR mln)

42.46

22.80

Number of units (mln units)

88.00

88.00

Earnings per unit (SAR)

0.48

0.26

*The period from July 17, 2017 to June 30, 2018

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