Riyadh – Mubasher: Mulkia Gulf Real Estate Investment Traded Fund (Mulkia REIT) has generated SAR 5.45 million in net profits since launching on 5 November 2017 until the end of the year.
The fund’s net assets hit SAR 605.3 million by the end of the previous year, according to a statement to the Saudi Stock Exchange (Tadawul) on Sunday.
By the end of the prior fiscal year, Mulkia REIT’s units amounted to 60 million at a net profit of SAR 10.09 per unit.
The fund’s expenses and fees hit SAR 2.34 million since launching until 31 December 2017.
Mulkia REIT was listed on the Saudi Stock Exchange (Tadawul) under the real estate investments traded funds (REITs) sector in early November.
