Saudi Fransi Capital announces financials of REIT funds

Taleem REIT Fund’s assets totalled $144.6mln

Saudi riyal. Image used for illustrative purpose.

Saudi riyal. Image used for illustrative purpose.

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Riyadh –  Saudi Fransi Capital announced the income statements of Taleem REIT Fund which registered net profits worth SAR 16.71 million during the first half (H1) of 2021.

Total expenses and fees amounted to SAR 8.17 million at the end of June 2021, according to a bourse filing on Thursday.

Taleem REIT Fund’s assets totalled SAR 542.25 million as on 30 June 2021, while the revenue accounted for 1.94%.

The fund registered 51 million outstanding units at a value of SAR 10.632 per unit.

In a separate disclosure to Tadawul, Saudi Fransi Capital revealed the financial results of Bonyan REIT Fund which recorded net profits of SAR 26.22 million in H1-21.

The net asset value reached SAR 1.4 billion at the end of June 2021.

Bonyan REIT Fund’s total expenses and fees stood at SAR 41.03 million, while the revenue was 2.73%.

The fund reported 162.88 million units at the end of June this year, at a value of SAR 8.618 per unit.

Source: Mubasher

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