The Shariah-compliant real estate investment trust (REIT) was launched in 2018 with a capital of SAR 1.075 billion. The fund is managed by Derayah Financial.
The fund seeks to generate regular income by investing in diversified real estate assets, located at Riyadh, Dammam, Jubail and Jeddah, except Mecca and Medina. Its investment portfolio comprises seventeen properties spanning the residential, commercial, offices, hospitality segments. It also includes one building under construction.
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 property 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 Quarterly.
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||Derayah Financial Company|
|Custodian||Alinma Investment Company|
|Auditor||Ibrahim Ahmed AlBassam & partner CPA's and Consultants|
|Real Estate Valuators||Value Experts Co., Century 21 Co.|
|Fund Size||1,172.00 Million|
|No. of Units||107.51 Million|
|Unit Price||10.90 Riyal|
|Management Fee||0.85 %|
|Custodian Fee||0.03 %|
|Transaction expenses||1.00 %|
|Other expenses||0.05 %|
|Stock Market :||TASI|
|Fiscal Year End :||December|
|3M Average Volume :||259,419.68|
|3M Average Transactions :||213.95|
|Foreign Ownership :||-|
|Name||Number of Shares (M)||Holding|
|Khaled Abduaziz Soliman Al-Mukairin||16.23||15.10 %|
|Motoon Real Estate Co.||6.28||5.84 %|
|Market Cap (M)|
|Shares Outstanding (M)|
|Book Value (Riyal)|