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×Overview
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.
Investment Policy
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.
Dividend Policy
The Fund intends to distribute no less than 90% of net income to unit-holders annually.
Property Acquisition Policy
The Fund invests no less than 75 percent of total assets into income-generating developed real estate.
Basic Information
Fund Manager | Riyad Capital |
Custodian | KASB Capital Co. |
Auditor | Al Bassam & Co |
Real Estate Valuators | Barcode Co. Ltd., Valustart Company, Abaad Real Estate Valuation Co., Mumtalkati Real Estate Evaluation Co. |
Argaam Classification | |
Market Sector | REITS |
Facts & Stats
Fund Size | 1,753.00 Million |
Capital | 1,633.00 Million |
No. of Units | 171.69 Million |
Unit Price | 9.51 Riyal |
Currency | Riyal |
Valuation Period | Semi-annual |
Management Fee | 0.24 % |
Custodian Fee | 0.00 % |
Transaction expenses | - |
Other expenses | 0.01 % |
Trading Data
Stock Market : | TASI |
Fiscal Year End : | December |
3M Average Volume : | 214,480 |
3M Average Transactions : | 603 |
Change(12M) % : | (15.38) |
Major Shareholders
Name | Number of Shares (M) | Holding |
---|---|---|
Higher Education Fund | 14.78 | 8.61 % |
Abdul Rahman Hassan Abbas Sharbatly | 12.43 | 7.24 % |
Al Onod Fahad Abdul Aziz Abdul Rahman Al Saud | 11.73 | 6.83 % |
Al Riyad Capital Co. | 11.47 | 6.68 % |
Subsidiaries & Associates
Company | Country | Percentage |
---|---|---|
Durat Al Dahiya | Saudi Arabia | 100.00 % |
Al Khobar beach | Saudi Arabia | 100.00 % |
Marafiq planning | Saudi Arabia | 100.00 % |
Rafal Hotel | Saudi Arabia | 100.00 % |
Dora Hittin | Saudi Arabia | 100.00 % |