REIT-Announcement

Announcement by Al Rajhi Capital for providing the public with the interim financial statements of Al Rajhi REIT Fund for the period ending on 30/06/2024
Al Rajhi Capital announces that the interim financial statements of Al Rajhi REIT Fund for the period ending on 30/06/2024 are available to the public. The following is the summary of the interim financial results of the period:

 

  • Net Asset Value at end of the period: SAR 2,209,525,756
  • Total Fees & Expenses for the period: SAR (67,125,992)
  • Net Profit (loss) for the period: SAR 71,578,289
  • No. of outstanding Units at end of the period: 275,607,498 units
  • Net Asset Value per Unit: SAR 8.46  (fair value)
  • Revenue of the period: 2.65 %
Notes related to Financials:

 

  • Total Fees & Expenses include an amount in relation to profit on outstanding loan Facility and depreciation expense of real estate investments
  • Net Asset Value per Unit: SAR 8.46  (fair value)
  • Net Asset Value per Unit: SAR 8.02  (book value)
  • Revenue of the period is the percentage of dividend for the period from 1 Jan 2024 to 30 June 2024 at Par Value: 2.65. %. Noting that the total dividends for the period 1st Jan 2024 to 30th June 2024 equal to SAR 73,035,986.97.
  • Impairment on investment properties: SAR 19,670,802.
Fund's Interim Financial Statement Click Here