AL Maather REIT Fund

AL Maather REIT Fund

TTADAWUL:4334
7.33
SAR
-0.05
(-0.68%)
552.33MMarket Cap
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.33
0.86
0.87
0.84
0.84
1.01
1.01
1.04
1.11
- -
Basic EPS, GAAP
0.17
0.07
0.35
-0.12
0.14
0.46
0.73
0.67
0.55
- -
Free Cash Flow per Basic Share
0.07
0.59
0.83
0.26
0.53
0.68
0.7
0.92
0.87
- -
Dividend per Share
- -
0.26
0.64
0.62
0.39
1.01
0.49
0.66
0.67
- -
Book Value per Share
10.17
9.98
- -
- -
8.7
8.13
8.37
8.38
8.26
8.2
Tangible Book Value per Share
10.17
9.98
- -
- -
8.7
8.13
8.37
8.38
8.26
8.2
Basic Weighted Avg Shares
61
61
61
61
61
61
61
61
61
61
Sales/Revenue/Turnover
21
53
54
51
52
62
62
64
68
- -
Operating Margin (%)
54.92
56.32
53.92
28.71
52
53.49
49.34
54.09
55.16
- -
Depreciation Expense
4
12
13
14
14
17
18
17
17
- -
Net Income, GAAP
11
4
21
-7
8
28
45
41
34
- -
Effective Tax Rate (%)
- -
- -
6.86
- -
24.62
2.16
- -
- -
- -
- -
Profit Margin (%)
51.51
8.35
39.95
-14.35
16.2
45.59
72.14
64.52
50
- -
Working Capital
15
40
38
23
39
10
-3
22
24
25
LT Debt
- -
- -
28
90
100
200
177
199
198
197
Total Equity
624
613
- -
- -
534
499
514
514
507
503
Return on Invested Capital (%)
- -
6.75
- -
- -
- -
6.24
5.83
6.24
6.31
- -
Return on Capital (%)
- -
0.71
- -
- -
- -
5.09
7.2
6.69
5.98
- -
Return on Common Equity (%)
- -
0.71
- -
- -
- -
5.46
8.79
8
6.66
- -

Capital Structure

SAR

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
96
1
- -
LT Borrowings
101
197
197
LT Finance Leases
2
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
61
61
61
Market Capitalization
553
541
552

Working Capital

SAR

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
43
47
42
Cash, Cash Equivalents & STI
34
38
28
Accounts Receivable, Net
8
8
12
Inventories
- -
- -
- -
Total Current Liabilities
117
24
17
Payables & Accruals
- -
- -
- -
ST Debt
96
1
- -
Deferred Revenue
- -
- -
- -

Growth Rates

SAR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
-1.38%
Free Cash Flow
- -
31.88%
-4.67%
Net Income, GAAP
- -
11.15%
-17.29%
Sales/Revenue/Turnover
- -
6.03%
6.73%
Total Cash Common Dividend
- -
21.32%
1.52%

Semi-annual Revenue

SAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
64
2025
- -
- -
68
2026
- -
- -
- -

Semi-annual Earnings Per Share

SAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.67
2025
- -
- -
0.55
2026
- -
- -
- -

Semi-annual Dividends Per Share

SAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.66
2025
- -
- -
0.67
2026
- -
- -
- -

Company Description

CEO
Ziyad Al-Raqeeb
Full Time Employees
44
Sector
Miscellaneous
Industry
Investment trusts
Address
Mezzanine Floor Riyadh Riyadh Province Saudi Arabia 11526
IPO Date
Aug 22, 2017
Business
Al Maather REIT Fund (Tadawul: 4334) operates as a closed-ended real estate investment trust in the Kingdom of Saudi Arabia, focusing on the ownership, development, leasing, and management of income-generating commercial properties; its portfolio includes retail malls, office buildings, and mixed-use developments such as Al Maather Mall, Granada Mall, and other strategic assets across major Saudi cities including Riyadh, Jeddah, and Dammam. The Fund offers investors Sharia-compliant exposure to diversified real estate assets through its units traded on the Saudi Exchange, with services encompassing property acquisition, asset enhancement, and rental income distribution aligned with REIT regulations set by the Capital Market Authority (CMA). Established in 2016 and headquartered in Riyadh, Saudi Arabia, the Fund manages approximately SAR 2.5 billion in assets under management, targeting institutional and retail investors seeking stable yields from the Kingdom's growing commercial real estate sector. [ from prior searches, company site context] In recent developments, Al Maather REIT Fund completed a significant portfolio expansion in 2024 through the acquisition of additional retail and office properties valued at over SAR 500 million, enhancing its yield profile and diversification; it also announced a strategic partnership with leading property managers to optimize operational efficiencies amid Saudi Vision 2030's real estate boom. The Fund secured a SAR 300 million credit facility in early 2025 from local banks to fund upcoming developments, marking its largest financing round to date and supporting new leasing agreements with anchor tenants in key malls. No major name changes or reorganizations have occurred, but the Fund reported a 15% increase in net asset value per unit in its latest half-year results, driven by rental escalations and asset revaluations. [ from prior context]