Aljazira REIT Fund

Aljazira REIT Fund is a Sharia-compliant real estate investment traded fund (REIT) listed on the Saudi Exchange (Tadawul) under the main market, within the real estate investment traded funds (REITs). Established on January 2, 2017, with a capital of SAR118 million, the fund is headquartered in Riyadh.

Aljazira REIT Fund is not subject to investment restrictions, according to its bylaws and directives issued by regulatory and supervisory authorities in the Kingdom of Saudi Arabia. It is listed on Tadawul by its trading symbol (4331) and ISIN (SA148G523LL8).

Assets of Aljazira REIT Fund include al-Khumra warehouses located in al-Khumra area of Jeddah City. The operating, maintenance, and marketing manager is Najmat Selah Co.

Aljazira REIT primarily invests in structurally developed real estate properties that generate regular income. The fund distributes at least 90 percent of its net profits in cash to investors annually, with a minimum distribution during the third quarter of each year, provided that rent collections are complete.

The fund invests in al-Khumrah Warehouses in Jeddah City, which are fully owned by the fund. The fund is managed by Aljazira Capital. The fund's Sharia criteria require that transactions and documents, including contracts and other forms, strictly adhere to Islamic Sharia principles, ensuring no involvement in agreements resulting in paying or being eligible to receive riba interests. The fund exclusively employs Sharia-compliant financing methods and is overseen by a designated Sharia supervisory committee. The fund’s terms and conditions were issued on January 2, 2017. It has been evaluated by Century 21 Saudi Arabia and Nojoom AlSalam, with Alinma Investment serving as the fund's custodian.