4.20
-0.07(-1.64%)
Currency In SAR
Address
Adeer Tower
Al Khobar, Eastern Province 31952,
Saudi Arabia
Phone
920006811
Website
Sector
Real Estate
Industry
REIT - Diversified
Employees
N/A
First IPO Date
October 01, 2017
| Name | Title | Pay | Year Born |
| Mr. Ibrahim Fahad Alassaf | Chief Executive Officer, MD & Director | 0 | N/A |
| Mr. Mohammed Saeed Al Zahrani | HR & Admin. Director | 0 | N/A |
| Mr. Mohammad H. Alshamsi | Chief Finance Officer | 0 | N/A |
| Mr. Ashraf Bsharat | Operation & Custody Manager | 0 | N/A |
| Mr. Saeed K. Alsaad | Head of Compliance, Risk & legal Affairs | 0 | N/A |
Musharaka REIT Fund is a closed real estate investment fund that is closed and in compliance with Islamic Sharia regulations and standards. The Funds Sharia advisor reviews the terms and conditions of the fund and all the funds activities periodically to ensure that they comply with the approved Sharia standards. Musharaka REIT Fund was established in the Kingdom of Saudi Arabia in accordance with the Real Estate Investment Funds Regulations and the Instructions for real estate investment trusts in circulation. The funds main investment objective is to invest in structurally developed real estate assets that are leasable and to achieve periodic leasing income. The fund may invest its assets secondary in real estate development projects, provided that (A) The funds assets invested in developed real estate assets that generate periodic income are not less than 75 percent (b) The fund does not invest in white lands. The fund started operating with five properties, at a value of 880 million Saudi riyals, the number of real estate assets that the fund invests in has doubled, and the funds assets have exceeded one billion Saudi riyals.