Bonyan REIT Fund

Bonyan REIT Fund

TTADAWUL:4347
8.49
SAR
-0.05
(-0.59%)
1.63BMarket Cap
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
1.31
1.05
1.35
1.51
1.49
1.48
1.71
- -
Basic EPS, GAAP
- -
0.54
0.28
0.4
0.6
0.68
0.54
0.64
- -
Free Cash Flow per Basic Share
- -
0.79
0.41
0.62
0.73
0.85
0.96
0.77
- -
Dividend per Share
- -
0.73
0.4
0.64
0.66
0.66
0.67
0.77
- -
Book Value per Share
- -
8.9
8.78
8.54
8.48
8.5
8.37
8.24
8.12
Tangible Book Value per Share
- -
8.89
8.77
8.53
8.46
8.47
8.36
8.23
8.12
Basic Weighted Avg Shares
163
163
163
163
163
163
163
163
163
Sales/Revenue/Turnover
- -
213
171
219
247
243
241
278
- -
Operating Margin (%)
- -
30.16
24.72
34.83
39.12
35.05
38.47
47.43
- -
Depreciation Expense
- -
46
45
45
46
46
51
49
- -
Net Income, GAAP
- -
88
45
65
98
111
88
104
- -
Effective Tax Rate (%)
- -
2.68
4.82
3.55
3.06
0.02
- -
- -
- -
Profit Margin (%)
- -
41.53
26.48
29.8
39.56
45.62
36.75
37.29
- -
Working Capital
- -
-131
71
157
91
114
91
134
133
LT Debt
- -
- -
189
382
386
240
637
637
638
Total Equity
- -
1,449
1,430
1,391
1,381
1,384
1,364
1,342
1,323
Return on Invested Capital (%)
- -
- -
5.24
6.24
6.2
6.29
5.72
7.01
- -
Return on Capital (%)
- -
- -
3.18
4.23
6.2
7.88
6.74
7.41
- -
Return on Common Equity (%)
- -
- -
3.15
4.64
7.04
8.02
6.44
7.67
- -

Capital Structure

SAR

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
- -
1
- -
LT Borrowings
638
637
638
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
163
163
163
Market Capitalization
1,484
1,512
1,627

Working Capital

SAR

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
179
174
168
Cash, Cash Equivalents & STI
78
65
101
Accounts Receivable, Net
93
97
54
Inventories
- -
- -
- -
Total Current Liabilities
39
40
35
Payables & Accruals
- -
- -
- -
ST Debt
- -
1
- -
Deferred Revenue
- -
- -
- -

Growth Rates

SAR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-1.25%
-1.59%
Free Cash Flow
- -
15.64%
-19.43%
Net Income, GAAP
- -
20.77%
17.25%
Sales/Revenue/Turnover
- -
10.7%
15.58%
Total Cash Common Dividend
- -
15.99%
14.93%

Semi-annual Revenue

SAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
241
2025
- -
- -
278
2026
- -
- -
- -

Semi-annual Earnings Per Share

SAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.54
2025
- -
- -
0.64
2026
- -
- -
- -

Semi-annual Dividends Per Share

SAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.67
2025
- -
- -
0.77
2026
- -
- -
- -

Company Description

CEO
Amin H. Nasser
Full Time Employees
70,496
Sector
Finance
Industry
Real estate investment trusts
Address
P.O. Box 5000 Riyadh Riyadh Province Saudi Arabia 31311
IPO Date
Apr 15, 2018
Website
aramco.com
Business
Bonyan REIT Fund (4347.SR) operates as a real estate investment trust in Saudi Arabia, focusing on the ownership, development, and management of income-generating real estate properties. The fund offers investors exposure to a diversified portfolio of commercial and retail assets, including office buildings, shopping malls, residential complexes, and logistics facilities; it provides Sharia-compliant investment units listed on the Saudi Exchange (Tadawul). Headquartered in Riyadh, Saudi Arabia, and established in 2018, Bonyan REIT primarily targets institutional and high-net-worth investors in the Kingdom, with geographic operations concentrated in major Saudi cities such as Riyadh, Jeddah, and Dammam. The fund's core services encompass property acquisition, leasing, and asset management, with key holdings featuring prominent properties like retail centers and mixed-use developments managed through strategic partnerships with leading real estate operators. In recent developments, Bonyan REIT completed a significant portfolio expansion in 2024 through the acquisition of high-yield logistics and retail assets valued at over SAR 500 million, enhancing its annualized distribution yield; it also announced a strategic alliance with a major Saudi developer in early 2025 for co-investment in sustainable urban projects. Additionally, the fund secured a SAR 300 million credit facility in late 2024 to support further growth amid Vision 2030-driven real estate demand, marking no major name changes or reorganizations but underscoring its shift toward logistics and green-certified properties.