The Shariah-compliant real estate investment trust (REIT) was launched in 2018, with a capital of SAR 1.180 billion. The fund is managed by Swicorp Co.
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 Saudi Stock Exchange (Tadawul) in August 2018, with investments portfolio comprises five properties.
The fund invests in developed, income-generating real estate assets. It plans to distribute no less than 90 percent of its income to unit holders. It may invest up to 25 percent of its assets into real estate development projects. It shall not invest in vacant (white) lands.
The fund will distribute no less than 90 percent of its annual income to unit holders.
Property Acquisition Policy
The fund will invest no less than 75 percent of its assets in developed real estate assets that generate regular rental income.
|Fund Manager||Swicorp Joussour Co.|
|Custodian||Al-bilad Investment Co.|
|Auditor||Alluhaid Chartered Accountants|
|Real Estate Valuators||Barcode Co. Ltd., Bussma Real Estates Management Co. Ltd.|
Facts & Stats
|Fund Size||1,180.00 Million|
|No. of Units||118.00 Million|
|Unit Price||10.00 Riyal|
|Management Fee||0.75 %|
|Custodian Fee||0.03 %|
|Transaction expenses||1.00 %|
|Other expenses||0.15 %|
|Stock Market :||TASI|
|Fiscal Year End :||December|
|3M Average Volume :||1,541,788.26|
|3M Average Transactions :||1,315.44|
|Name||Number of Shares (M)||Holding|
|suliman abdullah turky AL duhyan||13.82||11.71 %|
|Marwad Company||9.06||7.68 %|
|ag Real Estate Investment Company closed joint stock||7.04||5.97 %|
|Market Cap (M)|
|Shares Outstanding (M)|
|Book Value (Riyal)|