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SICO Saudi REIT Fund
- Main Market
- REITs
Stats Overview
-
Prev. Close 3.85
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Open 3.85
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High 3.88
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Low 3.84
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No. of Trades 304
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Avg. Trade size* 791
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Volume Traded 240,602
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Value Traded (^) 927,317.94
Performance
- *Average Trade Size = Cumulative / # of Trades
- **52 Week Price Change = (Current Price - Price year ago) / Price year ago x 100
- Historical prices & volume traded data are adjusted to account for all corporate actions.
- MO: Market Order
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Announcements
Corporate Actions
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- Fund Profile
Dividends
| Announced Date | Eligibility Date | Distribution Date | Distribution Way | Dividend Amount |
|---|---|---|---|---|
| 30/12/2021 | 04/01/2022 | 24/01/2022 | Account Transfer | ^0.15 |
| 15/07/2020 | 21/07/2020 | 17/08/2020 | Account Transfer | ^0.10 |
| 13/01/2020 | 21/01/2020 | 13/02/2020 | Account Transfer | ^0.26 |
| 02/07/2019 | 09/07/2019 | 23/07/2019 | Account Transfer | ^0.26 |
| 02/01/2019 | 07/01/2019 | 17/01/2019 | Account Transfer | ^0.26 |
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Fund Profile
Fund Overview
SICO Saudi REIT Fund is a closed-ended Shari ah-compliant real estate investment traded fund. The REIT operates in accordance with Real Estate Investment Funds Regulations and REIT Instructions issued by the CMA. The main objective of the Fund is to provide current income to investors by investing in real estate assets that have been developed with income generating and investment development by investing at least 55% of the total value of the Fund''''s assets according to the latest audited financial statements in Makkah and Madinah, And 45% in income-producing real estate assets in Saudi Arabia (excluding Makkah and Madinah). The fund invests mainly in real estate in Saudi Arabia. However, the Fund may invest in real estate outside Saudi Arabia for no more than 25% of the total value of the Fund''''s assets. As the fund will invest primarily in developed and ready-to-use real estate assets, it may also invest in viable real estate development projects with the aim of increasing the value of the unit provided that the fund does not invest in white land. The Fund is also entitled to invest in the renovation and redevelopment of existing properties, property repurchase agreements, usufruct, Islamic deposits, The units of investment funds licensed by the CMA, the shares of real estate companies that comply with the rules of Islamic Sharia and listed in Tadawul and no more than 25% of the total value of the assets of the Fund. The Fund Manager intends to distribute an annual cash dividend of at least 90% of the net profit of the Fund twice a year in January and July of each calendar year, excluding capital gains from the sale of real estate assets and other investments that may be reinvested in other properties as determined by Board of Directors of the Fund.
Managed Assets
At inception, the REIT comprises of three real estate hospitality properties, all of them located in Makkah: Property (1) : Eskan (4) Tower is a hotel in the Azizia district of Makkah and is 5.5 kilometers east of the Holy Mosque. Property (2) : Eskan (5) Tower is a hotel in Al-Shasha district of Mecca city on the pilgrimage route. It is 3.5 km from the Holy Mosque of Makkah, 4.5 km from Mina and 2 km from Jamarat. Property (3) : Eskan (6) Tower is a hotel in the northern district of Azizia Al-Masjid Al-Haram Street opposite the markets of Hyper Bin Da''''ud Aziziyah in Mecca. In addition, the fund owns (iOFFICES) which is an offices property that is located in Althumama Rd in Rabia Dist. In Riyadh city. The fund acquired iOFFICES in March 2020.
Terms and Conditions
Units Profile
- Authorized Capital (^) 572,400,000
- No.Of Units 57,240,000
- Paid Capital (^) 572,400,000
- Par Value/Unit 10
- Paid Up Value/Unit 10
Last Update :2018-01-16
Investment limits
The Fund complies with applicable restrictions set forth in the Real Estate Investment Funds Regulations and the Fund's Terms and Conditions.
- Fund Details
- BOARD OF DIRECTORS AND SENIOR EXECUTIVES INFORMATION
Investor Relations
Contact Name:
Muneera Alkhalifa
Company Address:
MEFIC Tower,7702 King Fahad Road Al Malqa District, 5th floor, Riyadh
Contact Details:
Telephone:
800-101-0008 (Inside KSA) +966 11 521 3826 (Outside KSA)
Fax
: -
Email
: reitclient@sicocapital.com
Company Website:
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of these disclosures, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of these disclosures, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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