Jadwa REIT Saudi Fund

Jadwa REIT Saudi Fund

TTADAWUL:4342
7.74
SAR
-0.24
(-3.01%)
2.03BMarket Cap
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.74
0.85
0.86
0.78
0.85
0.76
0.95
1.02
- -
Basic EPS, GAAP
0.43
0.49
0.98
0.15
0.42
1.07
0.3
0.35
- -
Free Cash Flow per Basic Share
0.46
0.8
0.78
0.54
0.63
0.72
0.73
0.56
- -
Dividend per Share
0.46
0.72
0.73
0.66
0.8
0.8
0.8
0.8
- -
Book Value per Share
- -
- -
- -
- -
- -
9.81
9.31
8.86
8.71
Tangible Book Value per Share
- -
- -
- -
- -
- -
9.81
9.31
8.86
8.71
Basic Weighted Avg Shares
158
158
158
187
187
187
187
187
187
Sales/Revenue/Turnover
118
134
137
145
158
141
178
190
- -
Operating Margin (%)
57.41
60.91
59.47
59.39
58.6
52.88
62.6
64.65
- -
Depreciation Expense
36
37
39
39
41
39
38
38
- -
Net Income, GAAP
67
77
154
28
78
200
56
65
- -
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
57.41
57.31
112.78
19.18
49
141.78
31.34
34.08
- -
Working Capital
50
48
45
100
-385
107
56
84
101
LT Debt
- -
128
573
600
- -
202
543
543
463
Total Equity
- -
- -
- -
- -
- -
1,831
1,737
1,653
1,624
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
4.82
4.53
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
4.38
4.6
- -
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
3.13
3.81
- -

Capital Structure

SAR

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
543
543
463
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
187
187
187
Market Capitalization
1,884
2,083
2,033

Working Capital

SAR

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
59
116
124
Cash, Cash Equivalents & STI
20
75
74
Accounts Receivable, Net
38
41
49
Inventories
- -
- -
- -
Total Current Liabilities
21
33
23
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

SAR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
-4.87%
Free Cash Flow
- -
-1.66%
-22.93%
Net Income, GAAP
- -
39.7%
15.82%
Sales/Revenue/Turnover
- -
7.41%
6.51%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

SAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
178
2025
- -
- -
190
2026
- -
- -
- -

Semi-annual Earnings Per Share

SAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.3
2025
- -
- -
0.35
2026
- -
- -
- -

Semi-annual Dividends Per Share

SAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.8
2025
- -
- -
0.8
2026
- -
- -
- -

Company Description

Full Time Employees
116
Sector
Finance
Industry
Real estate investment trusts
Address
King Fahad Road Riyadh Riyadh Province Saudi Arabia 11555
IPO Date
Feb 12, 2018
Website
jadwa.com
Business
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.