Riyadh – Mubasher: Aljazira Mawten Real Estate Investment Traded Fund (Aljazira Mawten REIT) has generated SAR 6.28 million in profits during the previous fiscal year, or since its launch on 15 February 2017 until 31 December, said Aljazira Capital.
The fund’s expenses and fees hit SAR 2.76 million, according to a statement on Monday to the Saudi Stock Exchange (Tadawul).
Aljazira Mawten REIT’s net assets amounted to SAR 121.33 million.
The fund’s units reached 11.8 million at the value of SAR 10.28 per unit in the prior fiscal year.
Aljazira Mawten REIT’s returns stood at 0.28% since launching until December 2017.
The fund was listed on 15 February 2017 with the symbol 4331 under the sector of real estate investment traded funds (REITs) sector, with a 10% daily fluctuation ratio.
By 11:56 am KSA time, Aljazira Mawten REIT’s stock inched down 0.18% to SAR 16.54.
