The Shariah-compliant real estate investment trust (REIT) was launched in 2017, with a capital of SAR 600 million. The fund is managed by Mulkia Investment Company.
The fund seeks to generate regular income by investing in diversified real estate assets, located around Saudi Arabia. Its investment portfolio comprises eight properties spanning the commercial, industrial and residential segments.
The Fund invests in income-generating developed real estate assets. It intends to distribute no less than 90% of its net income to unit-holders annually.
The fund places 75 percent of its AUM into developed projects, and it may invest no more than 25 percent of assets into property development projects.
The Fund will distribute no less than 90% of its net income to unit-holders annually. Dividends shall be dispensed at least once annually, within 90 days from the end of financial year (on December 31).
The Fund invests no less than 75 percent of assets into income-generating developed real estate units.
|Fund Manager||Mulkia Investment Company|
|Custodian||Al-bilad Investment Co.|
|Auditor||Dr Abdelgadir Bannaga & Partners Company - Allied Accountants|
|Real Estate Valuators||Estnad For Real Estate Appraisal Co., Valley and partner real estate appraisal Co.|
|Fund Size||751.00 Million|
|No. of Units||68.11 Million|
|Unit Price||10.00 Riyal|
|Management Fee||1.00 %|
|Custodian Fee||0.04 %|
|Transaction expenses||1.60 %|
|Other expenses||0.40 %|
|Stock Market :||TASI|
|Fiscal Year End :||December|
|3M Average Volume :||294,509.78|
|3M Average Transactions :||308.72|
|Name||Number of Shares (M)||Holding|
|Gulf Real Estate Co.||30.08||44.16 %|
|Abdul Latif Al Eissa Group Ltd. Co.||13.79||20.25 %|
|Khalid Bin Abdul Aziz Bin Mohammed Bin Nafgan||8.11||11.90 %|
|Market Cap (M)|
|Shares Outstanding (M)|
|Book Value (Riyal)|