Alahli Capital - Al-Ahli Reit Fund (4338.SR) SAU

6.60

-0.08(-1.20%)

Updated at September 28 03:10PM

Currency In SAR

Alahli Capital - Al-Ahli Reit Fund

Address

Al Mather street

Riyadh, Riyadh Province 11495

Saudi Arabia

Phone

920000232

Sector

Real Estate

Industry

REIT - Diversified

Employees

N/A

First IPO Date

January 21, 2018

Key Executives

N/A

Description

To provide periodic rental income and achieve growth in total assets value for unitholders by investing in developed ready to use income generating real estate assets, and distributing at least 90% of net profits twice a year in the months of March and September. The fund is a Shariah-compliant as approved by the assigned shariah board, and managed by SNB Capital a closed joint stock company organized and existing under the laws of the Kingdom of Saudi Arabia with Commercial Registration No. 1010231474. The fund manager appointed AlBilad Capital as a fund custodian and both ValuStrat and Knight Frank as independent valuators to value the fund assets.