News

Addendum Announcement from Alkhabeer Capital Regarding the Availability of the Annual Financial Report of Alkhabeer REIT for the Financial Year Ending on 31 December 2020 to the Public

31 March 2021

– Announcement –

Addendum Announcement from Alkhabeer Capital Regarding the Availability of the Annual Financial Report of Alkhabeer REIT for the Financial Year Ending on 31 December 2020 to the Public

Referring to the announcement by Alkhabeer Capital in its capacity as the fund manager of Alkhabeer REIT on 30/03/2021 on Tadawul’s website, as well as the Fund Manager’s

website regarding the availability of the Annual Financial Report of Alkhabeer REIT for the financial year ending on 31 December 2020. Accordingly, the fund manager would like to clarify that the fund’s currency is in Saudi Riyals. The following is a summary of the financial results:

  • Net assets on the end of the year: 896,799,968 SR
  • Total expenses and fees for the year: 87,100,981 SR
  • Net profit (loss) for the year: 1,129,578 SR
  • Number of outstanding units in the end of the year: 102,971,013 Unit
  • Net unit value: 8.7092 SR / Unit
  • Return of the year: 23%

A copy of the audited annual financial statements can be obtained through the attachments or the link below:

https://www.alkhabeer.com/wp-content/uploads/2021/03/AKC-REIT-FS_En_31-Dec-2020_Signed.pdf

– End –