SEDCO Capital REIT Fund

SEDCO Capital REIT Fund is a Sharia-compliant closed-ended real estate investment traded fund specializing in the real estate sector. It was founded on December 4, 2017. It was listed on the Saudi Stock Exchange (Saudi Tadawul) on May 11, 2018, within the main market's traded real estate funds, under number (4344) and the name (SEDCO Capital REIT), with ISIN (SA14GG523S58).

The Saudi Economic and Development Company (SEDCO), a closed joint-stock company specializing in global assets management, company financing, consulting services, and investment solutions, manages SEDCO Capital REIT Fund.

The company was established in 2009. It is headquartered in Jeddah City. It has branches in Riyadh, Dubai, Luxembourg, and London. In 2014, the company ratified the Principles for Responsible Investment to serve as a framework based upon integrating non-financial, environmental, social, and governance-related standards for assessing investments and identifying risks.

SEDCO Capital REIT Fund seeks to acquire developed properties that can generate periodic rental income. The fund distributes at least 90 percent of its net annual profits in favor of unit holders within ninety days from the dividend announcement, except for capital profit generated by the sale of real estate assets, which are reinvested in additional assets that serve the interests of unit holders .

The fund seeks to invest no less than 75 percent of the overall value of its assets in a set of income-generating real estate mainly located in the Kingdom of Saudi Arabia. However, although the fund mainly invests in developed properties that can generate periodic rental income, it could also invest no more than 25 percent of the overall value of its assets in property development.

SEDCO Capital REIT Fund consists of an investment portfolio distributed among Jeddah Province, Riyadh Province, and the Eastern Province. The fund's investments are focused on investing at least 75 percent of the fund's assets in developed properties in Saudi Arabia, where these properties can generate periodic rental income. It also focuses on investing up to 25 percent of its assets in favor of property development, renovation, or redevelopment activities, or in favor of investment in properties located abroad.