8.09
-0.05(-0.61%)
Currency In SAR
Address
King Fahd Branch Rd, Al Olaya, Riyadh 12214
Riyadh, Riyadh Province 12214
Saudi Arabia
Phone
8004413333
Website
Sector
Real Estate
Industry
REIT - Hotel & Motel
Employees
N/A
First IPO Date
February 01, 2023
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%).