Riyadh – Mubasher: AlJazira Mawten real estate investment traded fund (AlJazira Mawten REIT Fund) on Thursday announced achieving SAR 3.12 million in net profits for the four-month period starting from 20 February 2017 and ending on 30 June.
The net asset value (NAV) based on the market approach amounted to SAR 121.11 million, equivalent to SAR 10.17 per unit, and the NAV based on the cost approach reached SAR 124.77 million which is equivalent to SAR 10.26 per unit.
Revenues stood at SAR 4 million, and operating profits amounted to SAR 3.11 million.
AlJazira Mawten REIT Fund was listed in the REITs sector on the Saudi Stock Exchange (Tadawul) on 15 February 2017.
