Description

Alwaha REIT Fund is a closed-ended real estate investment trust, established and operating within the Kingdom of Saudi Arabia. Listed on the parallel market (Nomu), it operates with strict adherence to Sharia principles, officially approved by its dedicated Sharia Supervisory Committee. The fund's activities are governed by Saudi Arabia's Real Estate Investment Funds Regulations, alongside the broader rules and regulations enforced by the Capital Market Authority (CMA) and specific Nomu listing requirements. At its Initial Public Offering (IPO), the fund issued 15,000,000 units, representing a total value of SAR 150,000,000. The primary investment objective is to acquire and hold structurally developed real estate properties capable of generating consistent periodic rental income. A fundamental commitment is to distribute a minimum of 90% of its annual net profits as cash dividends to its unitholders throughout its operational lifespan.