SEDCO Capital REIT Fund is a public closed-ended Shariah-compliant traded real estate investment fund, established in accordance with the laws and regulations applicable in the Kingdom of Saudi Arabia and complies with the regulations and instructions of the Capital Market Authority (“CMA”).
|Fund Size Upon Listing||SAR 600 million|
|Number of Units Listed||60 million units|
|Fund Currency||Saudi Riyals (SAR)|
|Headquarters||Kingdom of Saudi Arabia|
|Operation Date||1 April 2018|
|Date of listing the Fund||1 May 2018|
|Fund Term||99 years following the date of listing|
Acquire developed and ready to use properties in order to generate regular rental income and distribute at least 90% of the Fund's net profit to the unitholders throughout the term of the Fund. The Fund Manager is expected to announce dividends, record dates and distribution dates within 40 business days from the end of June and December of each calendar year. Dividends will be deposited within 90 business days of the announcement. Excluding capital gains from the sale of assets which may be reinvested for acquiring assets for the interests of unitholders.