Jadwa REIT Saudi seeks to offer highest return, lowest risk in market: Al-Sudairy

Jadwa REIT Saudi Fund offers the highest return among peers in the local market at 7.30 percent, Tariq Al-Sudairy, managing director and chief executive of Jadwa Investment, told Argaam in an exclusive interview.

The fund expects target returns to rise to 7.44 percent over the next five years.

The fund also offers the lowest risk in the Kingdom, backed by the guarantees concluded with tenants. Jadwa also leases its diversified assets, which are spread across five sectors in major cities, under long-term agreements to high-net-worth individuals.

Other distinct privileges include offering quarterly dividends to lure more investors.

Al-Sudairy said that he expects strong investor turnout to the REIT’s offering, adding that Jadwa REIT Al-Haramain Fund ended 1,257 percent oversubscribed – the highest coverage rate when compared to other REITs on Tadawul.

Meanwhile, geographical diversification will remain a top priority for the fund, which seeks acquisitions to enhance shareholders’ value, he added.

Jadwa REIT Saudi will maintain its focus on the type of assets, ability to generate attractive income, tenants’ solvency, lease tern and value along with the target acquisition price.