Announcement by Middle East Financial Investment Company (MEFIC Capital) that MEFIC REIT Fund's annual reports, including the annual audited financial statements, for the period ended on ( 2023-12-31 ) are available to the public
4346
MEFIC REIT
1.05 %
1445/09/18 28/03/2024 16:23:57
Element List
Explanation
Introduction
MEFIC Capital Company Announces the Availability of the Annual Financial Report of MEFIC REIT Fund for the Financial Year Ending on 31 December 2023 to the Public.
The following is a summary of the results for the Year Ending on 31 December 2023:
Net Assets
513,157,547 SAR
Total Expenses and Fees
17,240,778 SAR
Net Profit/(Loss)
-11,473,146 SAR
Number of the Outstanding Units
73,276,800
Net Unit Value for Unit
7.003 SAR
Revenue of the period %
-2.19 %
Fund’s Annual Report
Additional Information
The total expenses and fees mentioned are the operating expenses of the properties and the fund expenses.
NAV per unit (using fair value): SAR 7.7438
Return for the period is calculated by dividing net profit for the period on net asset value at beginning of the period.
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, 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 this disclosure, 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.