Jadwa REIT Al Haramain posts SAR 24 mln profit in FY 2018

07/03/2019 Argaam

Jadwa REIT Al Haramain Fund reported a net profit of SAR 23.6 million for fiscal year 2018, fund manager Jadwa Investment Co. said in a bourse statement on Thursday.

 

The full-year revenue stood at SAR 53.9 million, while expenses and fees totaled SAR 8.8 million.

 

Net asset value (NAV) – based on fair value – reached SAR 716.9 million, or SAR 10.86 per unit, with the number of total units amounting to 66 million units.

 

The yield for the same period was 5.6 percent.

 

Funds from operations amounted to SAR 37 million, the statement added.

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