REIT-Announcement

Announcement by Al Rajhi Capital that Al Rajhi REIT Fund's annual reports, including the annual audited financial statements, for the period ended on 31/12/2023 are available to the public
Al Rajhi capital announces that Al Rajhi REIT Fund's annual reports, including the annual audited financial statements, for the period ended on 31/12/2023 are available to the public

 

  • Net Asset Value at end of the period: SAR 2,213,739,529
  • Total Fees & Expenses for the period: SAR 120,692,723
  • Net Profit (loss) for the period: SAR 75,547,599
  • Number of outstanding Units at end of the period: 275,607,498 units
  • Net Asset Value per Unit: SAR 8.42 (fair value)
  • Revenue of the period: 5.4%
Notes related to Financials:

 

  • Total fees & expenses include an amount in relation to profit and outstanding loan facility and depreciation expense.
  • Funds from Operations (FFO) amounts to SAR 119,502,952
  • Total dividends for the period 1st January to 31st December 2023: SAR 118,115,376
  • Total Income: SAR 201,928,209
  • Impairment on investment properties: SAR 5,687,888
  • The return for the period was calculated by annualized dividend yield at par value of the period
  • The return of total income to total asset: 6.44%
  • Net Asset Value per Unit: SAR 8.03 (book value)
  • Net Asset Value per Unit: SAR 8.42 (fair value)
For Al Rajhi REIT Fund's annual report, including the annual audited financial statements, please Click Here