Jadwa REIT Saudi posts SAR 28 mln profit in H1

Jadwa REIT Saudi Fund reported a net profit of SAR 27.9 million for H1 2018, fund manager Jadwa Investment Co. said in a bourse statement on Wednesday.

The first-half revenue stood at SAR 52.1 million, while expenses totaled SAR 6.5 million.

Net asset value (NAV) – based on fair value – reached SAR 1.7 billion, or SAR 11.03 per unit, with the number of total units amounting to 158 million units.

The yield for the period was 2.88 percent.

Funds from operations amounted to SAR 45.6 million.