Al Maather Reit Fund (4334.SR) SAU
Currency In SAR
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- General
- Statistics
- Historical Data
- Profile
- Financials
Al Maather Reit Fund
Address
Mezzanine Floor
Riyadh, Riyadh Province 11526
Saudi Arabia
Phone
0114191797
Website
Sector
Real Estate
Industry
REIT - Diversified
Employees
44
First IPO Date
August 23, 2017
Key Executives
| Name | Title | Pay | Year Born |
| Ziyad Al-Raqeeb | President & Non-Independent Director of Osool & Bakheet Investment Company | 0 | N/A |
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Description
The Al Maather REIT Fund's primary objective is to invest in income-generating real estate assets. Annually, at least 90% of the fund's net profits are distributed to unit holders, occurring after the Fund Manager has collected the rental proceeds from these properties. Osool & Bakheet Investment Company acts as the Fund Manager. This fund does not have a Shariah Committee. Its initial offering price was 10 SAR per unit. White Cubes-Tathmeen are the designated evaluators, while Albilad Capital functions as the custodian.
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