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SICO Saudi REIT Fund

4337
SICO SAUDI REIT
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  • Main Market
  • REITs

Stats Overview

  • Prev. Close 5.78
  • Open 5.82
  • High 5.85
  • Low 5.82
  • No. of Trades 310
  • Avg. Trade size* 268
  • Volume Traded 83,039
  • Value Traded (SAR) 483,764.31

Performance

SICO SAUDI REIT
0.06 ( 1.04% )
Compare
Index Name Index Level 1D Return
SICO Saudi REIT Fund 5.82 1.04%
Note: Prices are delayed minimum 5 minutes
  • *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

Trade Updates

Last Trade

Price
5.84
% Change
1.04
Volume Traded
12,542

Best Bid

Price 5.83
Volume Traded 10

Best Offer

Price 5.84
Volume Traded 1,856

52 WEEK

High
8.66
2022/02/01
Low
5.50
2022/12/26
Change**
-31.62

PERFORMANCE

Start of Year
5.6
Year ago
8.54
3 Years ago
7.98

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Announcements

  • SICO Capital Company, , announces a change in the membership of the Fund's Board of Directors SICO Saudi REIT .

    4337
    SICO SAUDI REIT 1.04 %
    1444/07/02     24/01/2023 15:40:17
  • Announcement by SICO Capital Company the availability of the Quarterly statement of SICO Saudi REIT Fund for the period ending on 2022-12-31

    4337
    SICO SAUDI REIT 1.04 %
    1444/06/19     12/01/2023 15:21:04
  • Announcement by SICO Capital Company for the availability of the semiannual reports of the assets of SICO Saudi REIT Fund for the period ending on 2022-12-31

    4337
    SICO SAUDI REIT 1.04 %
    1444/06/17     10/01/2023 08:59:33
  • SICO Capital Announces a Change in the membership of the Board of Directors of SICO Saudi REIT Fund

    4337
    SICO SAUDI REIT 1.04 %
    1444/06/16     09/01/2023 08:09:43
  • SICO Capital Announces a Change in the membership of the Board of Directors of SICO Saudi REIT Fund

    4337
    SICO SAUDI REIT 1.04 %
    1444/05/13     07/12/2022 09:34:11
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Corporate Actions

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Statements

  • Quarterly Report
  • Risk Assessment Report
  • Annual Report
  • Valuation Reports
  • Financial Reports
2022 2021 2020 2019
Q4 2023-01-22 2022-01-13 - -
Q3 2022-10-11 2021-10-17 - -
Q2 2022-08-01 2022-11-30 - -
Q1 2022-04-14 2022-11-30 - -
2022 2021 2020 2019
Annual - 2023-01-22 - -
2022 2021 2020 2019
Annual - - - -
2022 2021 2020 2019
Annual - - - -
Semi-Annual - - - -
2022 2021 2020 2019
Annual - 2022-03-31 2021-03-31 -
Semi-Annual 2022-12-21 2021-08-19 - 2019-08-29
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Shareholding Information

  • Board Of Directors
  • Foreign Ownership
  • Substantial Shareholders
Time Period
-
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Trading Date Shareholders Designation Shares Held Trading Day Shares Held Prev Trading Day Change
  • The listed company (Publisher) shall be responsible for the accuracy of the published information pertaining to the ownership of the Board of Directors, Chief Executive Officer or highest executive position, and the Chief Financial Officer. The listed company shall also be responsible for updating these information thereof. Therefore, the Saudi Stock Exchange (Tadawul) shall not be liable for the information contained therein, nor for any consequences that may result from the said information.
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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

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Fund Profile

  • Authorized Capital (SAR) 572,400,000
  • No.Of Units 57,240,000
  • Paid Capital (SAR) 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.

 

  • Company Details
  • BOARD OF DIRECTORS AND SENIOR EXECUTIVES INFORMATION
  • Date Established

    2017/10/16

  • Financial Year End

    31/12

  • Listing Date

    2018/01/18

  • External Auditors

    [PKF]

  • ISIN CODE

    SA14DG523OL4

  • Number of Employees

    30

  • Fund Chairman

    Fadhel Ahmed Makhlooq Executive

    Fadhel Ahmed Makhlooq
    • BD Session Start
      2022-12-21
      Designation
      Fund Chairman
    • BD Session End
      -
      Classification
      Executive
    • Qualification
      Master of Business Administration from Glamorgan University, UK
  • Fund Board of Directors

    Ibrahim Abdulrahman Fatani Executive

    Ibrahim Abdulrahman Fatani
    • BD Session Start
      2022-09-19
      Designation
      Fund Board of Directors
    • BD Session End
      -
      Classification
      Executive
    • Qualification
      Bachelor of Finance from Prince Sultan University

    Mohannad Saleh AlKhowailed Non - Executive

Mohannad Saleh AlKhowailed
  • BD Session Start
    2022-09-19
    Designation
    Fund Board of Directors
  • BD Session End
    -
    Classification
    Non - Executive
  • Qualification
    Master of Business Administration from London Business School

Investor Relations

Contact Name:

Zainab Alenzi

Company Address:

MEFIC Tower,7702 King Fahad Road Al Malqa District, 5th floor, Riyadh

Contact Details:

Telephone: 800-101-0008
Fax: -
Email: reitclient@sicocapital.com

Company Website:

https://www.sicocapital.com/


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