Realaus laiko atnaujinimai Alkhabeer REIT Fund [4348.SR]

Alkhabeer REIT is a closed ended Sharia compliant real estate investment traded fund established on 16.12.2018G under the applicable laws and regulations of the Kingdom of Saudi Arabia. The Fund is subject to Capital Market Authority CMA regulations and instructions. Its total capital is SAR 664,423,860 with term of 99 years starting as of the date of listing of the Units on the Saudi Securities Exchange Tadawul. The Unit price at inception is SAR 10. The Fund''''s main investment objective is to generate rental income yield and periodic cash distributions of not less than 90 percent of the Funds annual net profits, by investing not less than 75 percent of the Funds total assets, according to its last audited financial statements, in income generating real estate assets in the Kingdom of Saudi Arabia excluding Makkah and Medina. The Fund Manager is Alkhabeer Capital, a Saudi closed joint stock company registered in the commercial registration of the Kingdom of Saudi Arabia under no. 4030177445. It is a CMA authorized person, License No. 37,07074. The Fund is subject to the Sharia Boards guidelines in its investments and transactions. The Fund''''s assets were valued by Intimaa Advanced Company and White Cubes Company. The Fund''''s Custodian is Alinma Investment Company.