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Jadwa REIT Al Haramain Fund
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- REITs
Stats Overview
-
Prev. Close 6.77
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Open 6.81
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High 6.90
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Low 6.77
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No. of Trades 122
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Avg. Trade size* 475
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Volume Traded 57,927
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Value Traded (SAR) 398,109.86
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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Dividends
| Announced Date | Eligibility Date | Distribution Date | Distribution Way | Dividend Amount |
|---|---|---|---|---|
| 10/03/2020 | 16/03/2020 | 06/04/2020 | Account Transfer | 0.20 |
| 10/07/2019 | 17/07/2019 | 06/08/2019 | Account Transfer | 0.26 |
| 18/02/2019 | 24/02/2019 | 14/03/2019 | Account Transfer | 0.28 |
| 23/07/2018 | 26/07/2018 | 28/08/2018 | Account Transfer | 0.28 |
| 02/01/2018 | 09/01/2018 | 24/01/2018 | Account Transfer | 0.26 |
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Fund Profile
Fund Overview
Jadwa REIT AL Haramain Fund is a closed ended Shariah compliant real estate investment traded fund. The REIT invests primarily in real estate assets in the Holy cities of Makkah Al Mukarramah and Al Madinah Al Munarawah. The REIT operates in accordance with Real Estate Investment Funds Regulations and REIT Funds Instructions issued by the CMA. The REIT is listed on Tadawul and its units trades in accordance with Tadawul rules and regulations. At inception, the REIT size is 66,000,000 units at SAR10 per unit and has a term of 99 years extendable at the discretion of the Fund Manager after obtaining CMA approval. The primary objective of the REIT is to provide its investors with regular income by investing in income generating real estate assets. The fund expect to distribute twice a year an annual cash dividends of no less than 90% pf the REIT''s net profit, not including capital gains from selling real estate assets and other investments which may be reinvested in additional assets or in the maintenance and renovation of the fund''s properties. The REIT is managed by Jadwa Investment Company, a closed joint stock company pursuant to the laws and regulations of the Kingdom of Saudi Arabia, and licensed to operate as an Authorized Person under the Authorized Person Regulations issued by the Board of the CMA pursuant Resolution No. 1-83-2005 dated 21/05/1426H (corresponding to 28/06/2005G) under license number 06034-37 dated 13/02/1428H (corresponding to 03/03/2007G). Jadwa Investment is a full-fledged Shariah-compliant investment bank headquartered in Riyadh, Saudi Arabia, that offers asset management, advisory, corporate finance, brokerage and custody services. The investment team at Jadwa Investment comprises experienced professionals from the asset management and investment banking industry. The REIT is in compliance with Shariah guidelines stipulated by the Shariah Board of Jadwa Investment Company. The Shariah Board is chaired by H.E. Sheikh Dr. Abdulla Al Mutlaq and has the following members: Sheikh Dr. Muhammad Ali bin Ibrahim Al Qari bin Eid, Sheikh Bader Abdulaziz Al Omar and Sheikh Ahmed Abdulrahman Al Gaidy. REIT''s Term and Conditions was issued in 28/06/1438H corresponding to 27/03/2017G. Unit Initial Offering Price is 10SR. The REIT''s initial real estate assets were valued by three independent valuators licensed by Saudi Authority for Accredited Valuers namely: Colliers International, ValuStrat and WhiteCube. Custodian: AlBilad Investment Company.
Managed Assets
At inception, the REIT comprises of two real estate hospitality properties, both located in Makkah Al Mukarramah : Property (1): Tharawt Al Andalusia Hotel, a four star hotel located directly on Ibrahim Al Khalil street. The hotel has 294 rooms in addition to commercial shops. Property (2): Tharawat Al Taqwa Hotel, a pilgrim accommodation located in Shisha district, 900 meters from Menna. The hotel has 690 rooms. Both properties are managed by the anchor tenant: Tharawat Al Mashaer Company for Development and Real Estate Investment.
Terms and Conditions
Fund Profile
- Authorized Capital (SAR) 660,000,000
- No.Of Units 66,000,000
- Paid Capital (SAR) 660,000,000
- Par Value/Unit 10
- Paid Up Value/Unit 10
Last Update :2017-04-27
Investment limits
Investment in the Units is only made available to: (a) natural persons of Saudi Arabian nationality; and (b) corporations, companies, investment funds and other legal entities established in Saudi Arabia.
- Company Details
- BOARD OF DIRECTORS AND SENIOR EXECUTIVES INFORMATION
Investor Relations
Contact Name:
Jadwa Investment, Asset Management Department
Company Address:
King Fahad Road, Sky Towers, North Tower, 7th floor. P.O. Box 60677, Riyadh 11555, Saudi Arabia
Contact Details:
Telephone:
+966112791111
Fax
: +966112791571
Email
: info@jadwa.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.