Jadwa REIT Saudi Fund (4342.SR) operates as a closed-ended Shariah-compliant real estate investment traded fund managed by Jadwa Investment Company. The fund invests primarily in income-generating real estate assets located in major cities across Saudi Arabia, excluding the Holy Cities of Makkah and Madinah; its portfolio provides diversified exposure across residential, commercial, hospitality, industrial, and educational sectors, including properties such as Marvella Compound, Al Maarifah College, Sulay Warehouse, Al Yaum Newspaper Tower, Al Fannar Compound and Retail, and The Boulevard Riyadh. Established on December 28, 2017, and listed on the Saudi Exchange (Tadawul) on February 11, 2018, the fund is headquartered in Riyadh, Saudi Arabia, with an initial size of SAR 1.58 billion and a 99-year term extendable upon approval. It targets individual and institutional investors seeking regular income through Shariah-compliant real estate investments in the Kingdom's key urban markets.
In recent developments, the fund announced a quarterly dividend payout in August 2025 and entered into a one-year operations and management contract renewal in June 2025, reinforcing its commitment to stable distributions amid a H1 2024 dividend payout of SAR 464 million across Saudi REITs. Earlier, in March 2021, it completed the acquisition of The Boulevard Riyadh, financed through a SAR 370 million capital increase via in-kind contributions and new unit issuances, expanding its portfolio and solidifying Jadwa Investment's position as the largest manager of listed REITs in Saudi Arabia. The fund maintains compliance with Capital Market Authority regulations and continues quarterly dividend payments, with a forward yield of approximately 7.41% as of late 2025.