XSAU
4332
Market cap88mUSD
Nov 12, Last price
5.05SAR
Name
Jadwa REIT Al Haramain Fund
Chart & Performance
P/E
10.83
P/S
7.73
EPS
0.47
Div Yield, %
6.53%
Shrs. gr., 5y
—
Rev. gr., 5y
39.83%
Revenues
43m
+1.84%
Net income
31m
+75.30%
CFO
27m
-34.97%
Dividend
Aug 11, 20250.24 SAR/sh
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Profile
The Jadwa REIT Al Haramain Fund is a Shariah-compliant, closed-ended real estate investment trust designed for public trading. Its core strategy involves acquiring real estate within the sacred cities of Makkah Al Mukarramah and Al Madinah Al Munarawah. This fund adheres strictly to the Real Estate Investment Funds Regulations and REIT Funds Instructions set forth by the Capital Market Authority (CMA) and is officially listed on Tadawul, with its units trading according to the exchange's regulations. Initially, the fund was established with 66,000,000 units, each valued at SAR 10, and is structured to operate for a duration of 99 years, with potential extensions at the Fund Manager's discretion, subject to CMA approval. The principal aim of the REIT is to generate consistent income for its unitholders by investing in properties that produce rental revenue. The fund anticipates distributing cash dividends bi-annually, targeting no less than 90% of its net profits. It's important to note that capital gains realized from asset sales or other investments are excluded from this distribution and may be re-allocated towards acquiring additional properties or funding maintenance and improvements for existing assets. Management of the REIT is handled by Jadwa Investment Company. This entity is a closed joint-stock company operating under Saudi Arabian law, authorized by the CMA (license 06034-37, per Resolution No. 1-83-2005) to function as an Authorized Person. Jadwa Investment itself is a leading Shariah-compliant investment bank based in Riyadh, Saudi Arabia, offering a wide array of services including asset management, advisory, corporate finance, brokerage, and custody. Its investment team consists of seasoned experts from the asset management and investment banking sectors. The fund's adherence to Shariah principles is ensured by Jadwa Investment Company's dedicated Shariah Board, which is led by H.E. Sheikh Dr. Abdulla Al Mutlaq and includes Sheikh Dr. Muhammad Ali bin Ibrahim Al Qari bin Eid, Sheikh Bader Abdulaziz Al Omar, and Sheikh Ahmed Abdulrahman Al Gaidy as members.
Valuation
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