Taleem REIT reports SAR 1.25 mln profit in one month

Taleem REIT reported a net profit of SAR 1.25 million for the period from May 30 to June 30, 2017, the fund said in a bourse statement.

Revenue stood at SAR 1.52 million, while operating profit reached SAR 1.5 million.

The Net Asset Value (NAV) based on cost stood at SAR 286.5 million (or SAR 10.0439 per unit) for the period.

Taleem’s NAV based on market value reached SAR SAR 288.4 million, or SAR 10.1579 per unit. 

No comparative figures were available as the fund commenced operations on May 30, 2017.