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Al Rajhi REIT Fund
- Main Market
- REITs
Stats Overview
-
Prev. Close 8.41
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Open 8.42
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High 8.47
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Low 8.38
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No. of Trades 867
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Avg. Trade size* 381
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Volume Traded 330,055
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Value Traded (^) 2,776,573.53
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 |
|---|---|---|---|---|
| 29/01/2025 | 06/02/2025 | 27/02/2025 | Account Transfer | ^0.14 |
| 30/10/2024 | 07/11/2024 | 28/11/2024 | Account Transfer | ^0.14 |
| 31/07/2024 | 08/08/2024 | 29/08/2024 | Account Transfer | ^0.13 |
| 01/05/2024 | 07/05/2024 | 30/05/2024 | Account Transfer | ^0.135 |
| 31/01/2024 | 08/02/2024 | 29/02/2024 | Account Transfer | ^0.14 |
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Fund Profile
Fund Overview
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 was approved by the Saudi Arabian Capital Market Authority (CMA) on 30/3/1439H (corresponding to 18/12/2017G). The Al Rajhi REIT operates in accordance with the Real Estate Investment Funds Regulations and REIT Instructions issued by the CMA. Al Rajhi REIT is listed on Tadawul, and units of Al Rajhi REIT are traded on the Tadawul in accordance with its rules and regulations. The initial capital of Al Rajhi REIT was SAR 1,222,006,090, divided into 122,200,609 units with an inception price of SAR 10 per unit. In the fourth quarter of 2019, the fund underwent a total asset value increase process and issued 39,656,248 additional units at SAR 8.8 per unit. Thus, Total number of units became 161,856,857. During the year 2023, the Fund issued second additional offering units for acquiring the additional real estate assets 113,750,641 new units of par value SR 10 per unit at an issue price of SR 8.90 per unit. Thus, currently the total subscribed units of the Fund stand at 275,607,498 units. Al Rajhi REIT has a term of 99 years, which is extendable at the discretion of the Fund Manager with the prior approval of the Fund Board and CMA. Investment Objectives and Strategy: The Fund Manager aims to distribute cash dividends on a quarterly basis, starting from 2023 AD, for the financial periods ending in March, June, September and December, where the payment of the dividends will be during the following quarter, starting from the first quarter of 2023 provided that the dividends are not less than 90% of the funds annual net profits, with the exception of profits resulting from the sale of basic real estate assets, which are returned to be invested in other investment assets to serve the interests of the unit holders. The Fund currently invests in 21 properties and will continue to distribute dividends accordingly. Al Rajhi REIT is managed by Al Rajhi Capital. Al Rajhi Capital Company is a Saudi closed joint-stock company, registered in the Commercial Register of Saudi Arabia under CR No. 1010241681, and is an authorized person licensed by the Authority under License No. 07068-37. Al Rajhi REIT conducts its investments, finances, and overall affairs in a manner compliant with Islamic Shariah. The Shariah Board of Al Rajhi Capital (the Shariah Board) has reviewed and approved these Terms and Conditions, including the REITs structure.
Managed Assets
Oasis Mall, Riyadh. Anwar Plaza,Riyadh. Al Narjis Plaza,Riyadh. Rama Plaza, Riyadh. Jarir Bookstore,Riyadh. Lulu Hypermarket,Riyadh. Baraaem Schools,Riyadh. Al Faris Schools,Riyadh. Rowad Al Khaleej International Schools, Riyadh. Al Salam Hospital ,Riyadh.Lulu Central Warehouses ,Riyadh. Loulah Warehouses ,Riyadh. Riyadh Avenue Mall , Riyadh. Al Andlus ,Jeddah. Hyper Panda Jeddah,Al Marwah. Panda Jeddah, Al Rawdah. Panda Jeddah ,Mdaen Fahad. Al Henaki Business Center, Jeddah. Blue Tower,Dammam. Rowad Al Khaleej International Schools, Dammam. Panda Khamees Mushait.
Terms and Conditions
Units Profile
- Authorized Capital (^) 2,756,074,980
- No.Of Units 275,607,498
- Paid Capital (^) 2,756,074,980
- Par Value/Unit 10
- Paid Up Value/Unit 10
Last Update :2023-08-14
Investment limits
No Limits
- Fund Details
- BOARD OF DIRECTORS AND SENIOR EXECUTIVES INFORMATION
Investor Relations
Contact Name:
Customer Service
Company Address:
King Fahad Road, Almrooj District, Riyadh
Contact Details:
Telephone:
+966 920005856
Fax
: +966 11 4600625
Email
: REIT@alrajhi-capital.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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