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.