The primary investment objective of the REIT is to provide Unitholders with current income by investing in incomeproducing real estate assets in Saudi Arabia. The Fund Manager is targeting to distribute to Unitholders an annual cash dividend of no less than 90% of the REITs Net Profits. It is expected that the amount of such annual dividend will increase over the REITs term as the number of income-producing properties in the REITs portfolio increases. While the REIT will primarily invest in developed real estate assets which are ready for use, the REIT, however, may invest in real estate development projects; provided that (i) at least 75% of the REITs total assets are invested in developed real estate assets which generate periodic income and (ii) the REIT may not invest in vacant land.
Riyad REIT
Latest Price NAV
USD
2.38
as of
13/Sep/23
Objective
Key Facts
Launch Date :
13/Nov/16
Asset Type :
EquityBase Currency :
Saudi Arabian RiyalBenchmark :
Index is not provided by Management Company
Dividend Type :
N.A
Income Distribution :
Paid
Total Expense Ratio % :
N.A
Geographical Focus :
Saudi Arabia
Shariah Compliant
Shariah
Performance
3 Yrs Performance
3.42
5 Yrs Performance
2.14
10 Yrs Performance
N.A
Top Holdings
Portfolio Composition
Transaction Information
Annual Charges
Minimum Charge :
N.A
Maximum Charge:
N.A
Actual Charge :
1.2
Initial Charges
Minimum Charge :
N.A
Maximum Charge :
2
Actual Charge :
N.A
Redemption Charges
Minimum Charge :
N.A
Maximum Charge:
N.A
Actual Charge :
N.A
Contact
Company Name:
Riyad Capital CJSC
Website :
www.riyadcapital.com