Al Maather REIT Fund posted a net profit of SAR 21.4 million for the fiscal year 2019, Osool and Bakheet Investment Company, the fund manager, said in a bourse filing.
Net Asset Value (NAV) stood at SAR 594.8 million, while net book value per unit hit SAR 9.69.
The full-year expenses and fees reached SAR 13.9 million.
The number of issued units totaled SAR 61.4 million in 2019.
The fund recorded an FFO yield at 6.5% in the same period, the statement added.
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