Al Aziziah REIT
Al Aziziah REIT Fund is a Shariah-compliant real estate investment traded fund (REIT) that was launched in 2017 and is listed on the Saudi Exchange’s Main Market (TASI).
It focuses on investing in developed, income-generating properties to provide regular rental returns.
Its portfolio includes offices in Riyadh and hotels in Makkah, with total assets of about SAR 572.4 million.
For a copy of Al Aziziah REIT Terms and Conditions Click Here ↓
Al Aziziah REIT's Summary
About Al Aziziah REIT Fund
The Al Aziziah REIT Fund is a closed-ended, Sharia-compliant real estate investment traded fund (REIT) listed on the Tadawul Saudi Exchange with the ticker 4337. Initially, it was launched in 2017 through an initial public offering (IPO).
The fund’s primary investment objective is to invest in structurally developed, income-generating real estate properties to achieve periodic rental income.
The duration of the fund is 99 years; in addition, the total value of its assets after the first additional offering reached 572.4 million Saudi riyals.
Diverse Sectors
The fund maintains a diversified portfolio focused on income-generating, structurally developed properties. Consequently, its holdings primarily include:
- Commercial office buildings located in Riyadh, Saudi Arabia.
- Three hotel buildings located in Makkah, Saudi Arabia.
Regular Dividend Distribution
The fund aims to distribute cash dividends quarterly. The fund distributes at least 90% of its annual net profits as cash dividends to investors
