18/03/2020
Al Rajhi Capital announces the availability of the annual audited financial statements of Al Rajhi REIT Fund for the year ended 31/12/2019
Al Rajhi Capital announces the availability of the annual audited financial statements of Al Rajhi REIT Fund for the year ended 31/12/2019. Following is the summary of the financial results:
- Net Asset Value at end of the period: SAR 1,578,439,127
- Total Fees & Expenses for the period: SAR 61,125,742
- Net Profit for the period: SAR 56,104,033
- No. of Units at end of the period: 161,856,857 units
- Net Asset Value per Unit: SAR 9.91 (fair value)
- Annualized Dividend Yield at par value for the period : %5.3
- Total Income: SAR 117,229,775
- Total Dividends: SAR 73,094,134.9
Notes related to Financials:
- During the year 2019, the Fund increased its total assets by acquiring 4 new assets and issued 39,656,248 additional units. At the end of the year, the total outstanding units are 161,856,857 (31.12.2018: 122,200,609)
- Total Fees & Expenses include an amount in relation to profit on outstanding loan Facility and depreciation expense
- Funds from Operations (FFO) amounts to SAR 74,038,740
- Total dividends paid are for the period 1st Jan 2019 to 31st Dec 2019
For financial statement of Al Rajhi REIT Fund, please Click Here
