Saudi Economic and Development Securities Company (SEDCO Capital) announces that the interim financial statements of SEDCO Capital REIT Fund for the period ending on 30 / 06 / 2021 are available to the public. The following is the summary of the interim financial results of the period:

  • Net assets on the end of the period of SAR 512,723,163
  • Total expenses and fees for the period SAR 43,087,862
  • Net loss for the period of SAR 6,925,216
  • Number of outstanding units at the end of period 60,000,000 units
  • Net Asset Value per unit at fair value SAR 8.9975
  • Revenue of the period 6.10%

 

Additional Information

The reason for recognizing a net loss in the period is mainly due to recording an impairment loss of Burj Al-Hayat building, and the reason for recording an impairment loss is due to the termination of the lease agreement during the period. It is noteworthy that the impairment represents an unrealized loss in the value of the asset.

To view the financial statements, please click the following PDF.

 

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