The Shariah-compliant real estate investment trust (REIT) was launched in 2017, with a capital of SAR 613.7 million. The fund is managed by Osool & Bakheet Investment Company (OBIC).
The fund seeks to generate regular income by investing in diversified real estate assets in Riyadh. Its investment portfolio comprises eleven properties spanning the residential, commercial, offices segments. It also includes one building under construction.
The fund seeks to invest in real estate assets with regular rental yield in Saudi Arabia. It will distribute at least 90 percent of annual net income to unitholders.
The fund may also invest in real estate development projects, provided that it places at least 75 percent of total assets in 'developed' projects.
The fund will not place any investments in white (vacant) lands.
|Fund Manager||Osool & Bakheet Investment Company|
|Custodian||Al-bilad Investment Co.|
|Auditor||Ibrahim Ahmed AlBassam & partner CPA's and Consultants|
|Real Estate Valuators||Valustart Company, Arab Real Estate Appraisers Co.|
|Fund Size||613.70 Million|
|No. of Units||61.37 Million|
|Unit Price||10.00 Riyal|
|Management Fee||0.50 %|
|Custodian Fee||0.04 %|
|Transaction expenses||1.00 %|
|Other expenses||1.00 %|
|Stock Market :||TASI|
|Fiscal Year End :||December|
|3M Average Volume :||1,186,766.07|
|3M Average Transactions :||498.88|
|Name||Number of Shares (M)||Holding|
|Sahary Arabian Real Estate Co.||9.92||16.16 %|
|Prince Abdullah Sultan Abdul Aziz Al Saud||7.04||11.47 %|
|Khaled Abdul Rahman Mohammed Al Omran||6.64||10.82 %|
|Abdul Aziz Abdul Rahman Mohammed Al Omran||5.24||8.54 %|
|Salem Ali Salem Belkaka||3.13||5.10 %|
|Market Cap (M)|
|Shares Outstanding (M)|
|Book Value (Riyal)|