The Shariah-compliant real estate investment trust (REIT) was launched in 2017, with a capital of SAR 1.22 billion. The fund is managed by Al Rajhi Capital Company.
The fund seeks to generate regular income by investing in diversified real estate assets, located around Saudi Arabia, except for Mecca and Medina. It was listed on the Saudi Stock Exchange (Tadawul) in March 2018, with investments portfolio comprises 13 properties.
The Fund invests primarily in income-generating, developed real estate assets wherein it invests no less than 75 percent of its assets.
It may invest up to 25 percent of its assets into real estate development projects, and up to 25 percent into properties located outside Saudi Arabia. It shall not invest in vacant (white) lands.
The Fund will distribute no less than 90% of its net income to unit-holders semiannually.
The Fund focuses on income-generating, developed real estate assets, wherein it shall invest no less than 75 percent of its assets under management.
|Fund Manager||Al Rajhi Capital Company|
|Custodian||KASB Capital Co.|
|Auditor||Ibrahim Ahmed AlBassam & partner CPA's and Consultants|
|Real Estate Valuators||Colliers International , Olaat Development Ltd. Group, Century 21 Co., Bussma Real Estates Management Co. Ltd.|
|Fund Size||1,621.00 Million|
|No. of Units||122.20 Million|
|Unit Price||13.27 Riyal|
|Management Fee||0.80 %|
|Other expenses||0.25 %|
|Stock Market :||TASI|
|Fiscal Year End :||December|
|3M Average Volume :||126,266.31|
|3M Average Transactions :||134.76|
|Foreign Ownership :||-|
|Name||Number of Shares (M)||Holding|
|Al Rajhi Capital Co.||11.90||9.74 %|
|National Advanced Ebdaa Trading Company||8.92||7.30 %|
|Islamic Development Bank||6.70||5.48 %|
|Market Cap (M)|
|Shares Outstanding (M)|
|Book Value (Riyal)|