News

Alkhabeer Capital Announces the Availability of the Annual Financial Report of Alkhabeer REIT for the Financial Year Ending on 31 December 2020 to the Public

30 March 2021

– Announcement –

Alkhabeer Capital Announces the Availability of the Annual Financial Report of Alkhabeer REIT for the Financial Year Ending on 31 December 2020 to the Public

Alkhabeer Capital announces the availability of the Annual Financial Report of Alkhabeer REIT for the financial year ending on 31 December 2020 to the public. The following is a summary of the annual financial results for the financial year ended on 31/12/2020:

  • 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%

The Fund Manager also clarifies that there is an increase in the net value of the Fund’s assets by (50.35%) over the declared value, as on 30/06/2020, and the reason for this increase is due to the acquisition of additional assets in the Fund during the second half of 2020.

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

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