The Shariah-compliant real estate investment trust (REIT) was launched in 2015 with a capital of SAR 500 million. The fund is managed by Riyad Capital, the investment arm of Riyad Bank.
The fund seeks to generate regular income by investing in diversified real estate assets, located around Saudi Arabia, except for Mecca and Medina. Its investment portfolio comprises 10 properties, spanning the residential, commercial, offices and hospitality segments. It also includes one building under construction.
The Fund invests in developed real estate and property development projects. It allocates no less than 75 percent of its AUM to income-generating assets, and does not invest in undeveloped (White) land plots.
It seeks to own and manage assets with stable occupancy rates in prime locations. For the long term, it intends to diversify portfolio across various segments, including showrooms, offices, residence, hospitality and warehouses.
The Fund intends to distribute no less than 90% of net income to unit-holders annually.
The Fund invests no less than 75 percent of total assets into income-generating developed real estate.
|Fund Manager||Riyad Capital|
|Custodian||KASB Capital Co.|
|Auditor||Ibrahim Ahmed AlBassam & partner CPA's and Consultants|
|Real Estate Valuators||Jones Lang LaSalle, Knight Frank Corporation, Barcode Co. Ltd., Century 21 Co.|
|Fund Size||1,753.000 Million|
|No. of Units||171.690 Million|
|Unit Price||10.210 Riyal|
|Management Fee||1.200 %|
|Transaction expenses||1.000 %|
|Other expenses||0.500 %|
|Stock Market :||TASI|
|Fiscal Year End :||December|
|3M Average Volume :||182,401.441|
|3M Average Transactions :||176.610|
|Foreign Ownership :||-|
|Name||Number of Shares (M)||Holding|
|Higher Education Fund||14.783||8.61 %|
|Abdul Rahman Hassan Abbas Sharbatly||12.430||7.24 %|
|Tawazon Arabian Investment Trading Co.||11.761||6.85 %|
|Al Onod Fahad Abdul Aziz Abdul Rahman Al Saud||11.726||6.83 %|
|Al Riyad Capital Co.||11.469||6.68 %|
|Rafal Real Estate Development Company||8.636||5.03 %|
|Market Cap (M)|
|Shares Outstanding (M)|
|Book Value (Riyal)|
|Durat Al Dahiya||Saudi Arabia||100.00 %|
|Dora Hittin||Saudi Arabia||100.00 %|