Al Maather Reit Fund (4334.SR) SAU

9.12

-0.07(-0.76%)

Updated at February 19 03:10PM

Currency In SAR

Al Maather Reit Fund

Address

Bahrain Tower, Olaya, King Fahad Road, Mezzanine Floor

Riyadh, Riyadh Province 11526

Saudi Arabia

Phone

0114191797

Sector

Real Estate

Industry

REIT - Diversified

Employees

44

First IPO Date

August 23, 2017

Key Executives

NameTitlePayYear Born
Ziyad Al-RaqeebPresident & Non-Independent Director of Osool & Bakheet Investment Company0N/A

Description

1 - Objectives of the Fund : The Fund aims to invest in income generating real estate assets, whereby at least 90% of the net profit of the Fund is distributed to the unit holders on an annual basis after the Fund Manager receives the rental returns on the real estate assets. 2 - Fund Manager : Osool & Bakheet Investment Company. 3 - Details of the Sharia Review : No Shariah Committee. 4 - Fund''s founding price:10 SAR. 5 - Names of the Fund''s Evaluators ; White Cubes-Tathmeen. 6 - Name of Custodian : Albilad Capital