AlJazira REIT Fund
TTADAWUL:433110.09
SAR
-0.04
(-0.39%)
ISIN
SA148G523LL8
Return %
Stock
S&P 500
1Y
-24.31
14.20
3Y
-39.94
81.12
5Y
-58.82
68.34
Capital Structure
SAR
•
in mil. unless spec.Working Capital
SAR
•
in mil. unless spec.Growth Rates
SAR
•
in mil. unless spec.Semi-annual Revenue
SAR
•
in mil. unless spec.Semi-annual Earnings Per Share
SAR
•
in mil. unless spec.Semi-annual Dividends Per Share
SAR
•
in mil. unless spec.Company Description
- Sector
- Finance
- Industry
- Real estate investment trusts
- Address
- King Fahd Road Riyadh Riyadh Province Saudi Arabia
- IPO Date
- Feb 14, 2017
- Website
- aljaziracapital.com.sa
- Similar Companies
- Business
- Aljazira Mawten REIT Fund (4331.SR) operates as a Sharia-compliant, closed-end real estate investment traded fund (REIT) managed by Al Jazira Capital Company. The fund primarily invests in income-generating real estate properties, focusing on developed warehouses; its core asset comprises six compounds of fully developed, leased logistics warehouses totaling 65,405 square meters in built-up area located in the Al-Khumra area of Jeddah, Saudi Arabia, wholly owned and leased to multiple tenants including Astra Food Company Ltd., Sawala Warehousing Company, and Al-Moqai Al-Raees Property Management Company, achieving 100% occupancy and generating periodic rental income. It distributes at least 90% of its net profits annually in cash to unitholders during the third quarter, with up to 25% of assets allocated to real estate development or Sharia-compliant Murabaha funds; services include property leasing, maintenance via Mawten Real Estate Company and Star Link Real Estate as operating manager, and independent valuations by AMAM Real Estate Appraisal and Barcode. Established in 2017 and listed on the Saudi Tadawul exchange on February 15, 2017, the fund is headquartered in Riyadh, Saudi Arabia, at P.O. Box 20438, with operations concentrated in the Kingdom of Saudi Arabia targeting logistics and warehousing sectors for institutional and retail investors seeking rental yields and potential capital gains. Recent developments include a five-year lease extension secured in April 2025 for a key Saudi warehouse tenant, alongside renewals in November 2023 for Astra Food Company Ltd. and Sawala Warehousing Company; the fund reported net profit of SAR 4.97 million for the first half of 2025, down 3.82% year-over-year, and announced higher FY25 dividends following quarterly statements through September 30, 2025. Updates to fund terms and conditions occurred on November 15, 2023 (1445 H), incorporating semi-annual fee calculations, periodic maintenance cost coverage, and Zakat advisor details from Deloitte; additional non-fundamental changes in March 2023 shifted the Sharia committee to Aljazira Capital's and updated lease information with Al-Moqai Al-Raees.