The Shariah-compliant real estate investment trust (REIT) was launched in 2014 with a capital of SAR 100 million. The fund is managed by Aljazira Capital.
The fund seeks to generate regular income by investing in income-generating real estate assets, located around Saudi Arabia. Its investment portfolio comprises one fully-leased property located in Jeddah (Al khumra warehouse).
The Fund invests in developed, income-generating real estate assets, and distributes no less than 90 percent of net income to unit-holders annually.
It invests no less than 75 percent of total assets into rental properties to ensure regular dividend distributions, and potential capital gains on disposal of assets.
The Fund intends to distribute no less than 90% of its net income to unit-holders annually.
The Fund invests no less than 75 percent of total assets into rental properties.
|Fund Manager||AlJazira Capital Company|
|Custodian||Alinma Investment Company|
|Auditor||Ibrahim Ahmed AlBassam & partner CPA's and Consultants|
|Real Estate Valuators||Nojoom Al Salam Holding co., Century 21 Co.|
|Fund Size||118.000 Million|
|No. of Units||11.800 Million|
|Unit Price||10.000 Riyal|
|Management Fee||0.900 %|
|Custodian Fee||0.050 %|
|Stock Market :||TASI|
|Fiscal Year End :||December|
|3M Average Volume :||1,557,850.119|
|3M Average Transactions :||1,036.373|
|Name||Number of Shares (M)||Holding|
|Prince Nasser bin Mohammed Abdullah Jalawi Al Saud||1.171||9.92 %|
|Market Cap (M)|
|Shares Outstanding (M)|
|Book Value (Riyal)|