Mulkia Gulf Real Estate REIT Fund
TTADAWUL:43363.88
SAR
-0.09
(-2.27%)
ISIN
SA14CG523O51
Return %
Stock
S&P 500
1Y
-18.83
14.20
3Y
-35.33
81.12
5Y
-61.04
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
- CEO
- Omar bin Abdulkarim Alothaim
- Sector
- Finance
- Industry
- Real estate investment trusts
- Address
- Prince Mohammed Ibn Abdulaziz Rd (Tahlia St) Riyadh Riyadh Province Saudi Arabia 11573
- IPO Date
- Nov 5, 2017
- Website
- mulkia.com.sa
- Similar Companies
- Business
- Mulkia Gulf Real Estate REIT Fund operates as a Shariah-compliant, closed-end real estate investment trust established in 2017 and headquartered in Riyadh, Saudi Arabia. The REIT is externally managed by Mulkia Investment Company and focuses on acquiring and managing income-generating real estate assets across major cities in Saudi Arabia. Its portfolio includes commercial complexes, shopping malls, office buildings, hospitality centers, and industrial-commercial complexes. Key properties include the West Avenue Mall in Dammam, Elite Mall in Riyadh, Vivienda Hotel Villas in Riyadh, Dinar Commercial Complex in Jeddah, Teqnia Industrial Commercial Complex near Riyadh, Aljada Commercial Hotel Complex in Riyadh operated by Radisson Blue, and several other residential and commercial buildings and lands in Riyadh, Jeddah, Dammam, and Khamis Mushait. The fund’s main products and services encompass ownership, development, and leasing of real estate across retail, hospitality, office, industrial, and mixed-use sectors, with a focus on generating stable rental income and capital appreciation. It primarily serves investors seeking Shariah-compliant real estate investments in Saudi Arabia. The fund employs a strategy of acquiring pre-developed and income-generating properties, managing them to enhance occupancy and returns, and expanding its portfolio through strategic acquisitions and asset enhancements. Recent major developments include the acquisition of Aljada Commercial Hotel Complex in Riyadh featuring commercial facilities and a hospitality center under the Radisson Blue brand, aiming to improve the fund’s future returns and liquidity through increased asset value and partial long-term loan repayment. Additionally, in 2025, Mulkia Gulf REIT signed agreements to acquire new properties, including a commercial land plot adjacent to West Avenue Mall in Dammam for SAR 33.4 million to expand and diversify the mall’s operations, and Malathak Tower 2 in Riyadh for SAR 200 million, further diversifying its portfolio. The fund also announced plans to sell some portfolio properties for capital gains to optimize the asset base. These transactions collectively reinforce the REIT’s strategic geographic and sectoral diversification within Saudi Arabia’s real estate markets. Mulkia Gulf Real Estate REIT operates under the regulatory oversight of Saudi Arabia’s Capital Market Authority and maintains adherence to Islamic Shariah principles, targeting medium to high-risk investors. The fund trades publicly on the Saudi Stock Exchange (Tadawul) under ticker 4336.SR and manages assets primarily in the commercial, retail, industrial, and hospitality real estate sectors across Saudi Arabia’s key urban centers. Its asset enhancement and acquisition strategy reflect a focus on long-term value creation and income stability within the kingdom’s growing real estate investment trust market.