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
Financial Services
Industry
Asset Management
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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