实时更新： Al Rajhi REIT Fund [4340.SR]

Al Rajhi REIT Fund (Al Rajhi REIT) is a closed-ended Shariah-compliant real estate investment traded fund the offering of the units in Al Rajhi REIT has been approved by the Saudi Arabian Capital Market Authority on 30/3/1439H (corresponding to 18/12/2017G). The Al Rajhi REIT operates in accordance with Real Estate Investment Funds Regulations and REIT Instructions issued by the CMA. Al Rajhi REIT is listed on Tadawul and units of the Al Rajhi REIT shall be on traded on the Tadawul in accordance with its rules and regulations. The Initial Capital of the Al Rajhi REIT was SAR 1,222,006,090 divided into 122,200,609 units with inception price of SAR 10 per unit. Further in 4Q 2019, it went through total asset value increase process and issued 39,656,248 units at SAR 8.8 per unit. Thereby as of now, total issued units stands at 161,856,857. Al Rajhi REIT has a term of 99 years, which is extendable in the discretion of the Fund Manager with the prior approval of the Fund Board and CMA. Investment Objectives and Strategy: The investment objective of the Al Rajhi REIT is to invest in income generating real estate assets and to distribute to investors an annual cash dividend of no less than 90% of the REIT s net income during the period of the Fund on semi-annual basis at the end of each month of February and August of each calendar year. The said profits are distributed except capital gains arising from the sale of real estate assets which are reinvested in additional assets to serve the interests of the unit holders. The Fund currently invests in 18 properties and will distribute the dividends.