Alinma Hospitality REIT Fund
TTADAWUL:43496.89
SAR
-0.05
(-0.72%)
ISIN
SA15L0523UH6
Return %
Stock
S&P 500
1Y
-15.87
14.20
3Y
-22.41
81.12
5Y
- -
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
- Mazin Fawaz Baghdadi
- Sector
- Finance
- Industry
- Real estate investment trusts
- Address
- Tower 2 Riyadh Riyadh Province Saudi Arabia 12214
- IPO Date
- Jan 30, 2023
- Website
- alinmainvestment.com
- Similar Companies
- Business
- Alinma Hospitality REIT Fund Alinma Hospitality REIT Fund (4349.SR) operates as a Sharia-compliant, closed-end real estate investment traded fund (REIT) focused on the hospitality sector in Saudi Arabia. The fund invests primarily in developed, income-generating properties, with at least 75% of assets allocated to such holdings and a significant emphasis on hotels, hospitality facilities, and tourism accommodations; its portfolio includes key properties such as Rafal Ascott Hotel Riyadh, Vittori Palace Hotel Riyadh, Comfort Inn Hotel Riyadh, Comfort Inn Hotel Jeddah, and Clarion Hotel Jeddah. Headquartered in Riyadh, Saudi Arabia, the fund was listed on the Tadawul (Saudi Exchange) on January 30, 2023, with a total fund size of SAR 1.02 billion at a unit offering price of SAR 10, targeting continuous cash distributions for unitholders at an expected return of 6.3% of the offering price, distributed semi-annually. The fund provides investment services in the Saudi hotel sector, generating revenue through rental income and property operations, while adhering to high-risk profile guidelines under Real Estate Investment Fund Regulations; it may allocate a portion to real estate development projects to support asset growth. Geographically, operations concentrate on major Saudi cities including Riyadh and Jeddah, serving institutional and retail investors seeking exposure to the Kingdom's burgeoning tourism and hospitality market amid Vision 2030 initiatives. In recent developments, Alinma Hospitality REIT Fund distributed a 3.2% cash dividend (SAR 0.32 per unit) for the first half of 2025, approved in June 2025 and payable around July, following a similar distribution for H2 2024; these payouts reflect stable occupancy trends in Saudi REITs, with the fund named among top picks by SNB Capital in May 2025 and maintaining semi-annual financial reporting through Q2 2025. The fund manager, Alinma Investment Company (also referred to as Alinma Capital), continues to oversee portfolio valuations semi-annually and quarterly disclosures, with no major acquisitions, partnerships, or structural changes announced in the past 1-2 years beyond routine dividend and performance updates.