30 March, 2020
SAUDI ECONOMIC AND DEVELOPMENT SECURITIES COMPANY (SEDCO CAPITAL) ANNOUNCES THE AVAILABILITY OF SEDCO CAPITAL REIT FUND ANNUAL REPORT TO THE PUBLIC WHICH ALSO CONTAINS ANNUAL AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2019
SEDCO Capital announces the availability of SEDCO CAPITAL REIT FUND annual report to the public, which also contains annual audited financial statements for the year ended 31 December 2019. The following is a summary of the financial results:
Net assets at the end of the year SR 561,523,849
Total expenses and fees for the year SR 58,989,296
Net income for the year SR 22,139,932
Number of units at the end of the year 60,000,000 unit
Net unit value of SR 9.8173 (using fair value)
Annualized dividend yield at par value for the period 6.60%
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