Riyadh – Mubasher: Al Mashaar Real Estate Investment Traded Fund (Al Mashaar REIT Fund) on Wednesday received SAR 19.32 million of the properties' lease for the first half of 2018.
The semi-annual cash dividends will be distributed at least 90% from the fund’s net profits annually, according to a statement to the Saudi Stock Exchange (Tadawul).
The returns of renting properties will be invested with suitable banks and investment institutions.
Trading on Al Mashaar REIT Fund’s units started on Thursday, 18 January, under the symbol of 4337 on the real estate investment traded funds (REITs) sector, with 10% daily fluctuation ratio.
The fund’s investment portfolio consists of three properties.
