Alinma Hospitality REIT Fund (4349.SR) SAU

8.15

+0(+0.00%)

Updated at August 21 03:10PM

Currency In SAR

Alinma Hospitality REIT Fund

Address

King Fahd Branch Rd, Al Olaya, Riyadh 12214

Riyadh, Riyadh Province 12214

Saudi Arabia

Phone

8004413333

Sector

Real Estate

Industry

REIT - Hotel & Motel

Employees

N/A

First IPO Date

February 01, 2023

Key Executives

N/A

Description

The investment objective of the Fund is to achieve continuous and growthable cash dividends for unitholders and to develop the Fund''s assets through direct investment in structurally developed and income-generating real estate. The Fund intends to focus heavily on the hotel sector, hospitality and tourist accommodation in its investments. The Fund may invest partially in real estate development projects, provided that the assets of the Fund invested in real estate developed for construction development and capable of realizing periodic rental income are not less than (75%).