AlWaha Reit
Alwaha REIT Fund is a Shariah-compliant real estate Investment traded fund (REIT) that was launched in 2022 and is listed on the Parallel Market (NOMU).
It focuses on investing in developed, income-generating properties to provide regular rental returns.
Its portfolio includes offices, retail, logistics, residential and fuel station, all located in Riyadh, with total assets of about SAR 197.9 million.
Alwaha REIT's Summary
About Alwaha REIT Fund
Alwaha REIT Fund is a closed-ended, Shariah-compliant real estate investment traded fund (REIT) listed on (NOMU) Parallel Market of the Saudi Exchange with the ticker 9300. Launched in 2022 through an initial public offering (IPO) managed by Wasatah Capital, it is the only publicly traded REITs on NOMU.
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 and the total value of its assets after the first additional offering is 197.9 million Saudi Riyals.
Diverse Sectors
The fund maintains a diversified portfolio of income-generating, structurally developed properties—primarily commercial buildings, warehouses, showrooms, offices, residential buildings, and a fuel station—concentrated in key areas of Riyadh, Saudi Arabia.
Regular Dividend Distribution
The fund aims to distribute cash dividends semi-annually. The fund distributes at least 90% of its annual net profits as cash dividends to investors.
