Announcements
Jadwa Investment Company Announces the Availability of the Annual Financial Statement of Jadwa REIT Al Haramain Fund for the Period Ending on (2020-12-31) to the Public
Tue, 30 March 2021
Jadwa Investment Company announces the availability of the annual financial results for Jadwa REIT Al Haramain Fund and below is the summary of the interim financial results for the period ended 31/12/2020:
- Net Asset (based on fair value) at the end of the period SAR 631,453,402
- Total expenses and fees for the period SAR 21,707,185
- Net Profit / )Loss( for the period (SAR 68,044,805)
- Number of units available at the end of the period 66,000,000 units
- Net Asset Value per unit based on fair value approach SAR 9.57
- The yield for the period -0.03%*
- The Fund recorded Loss on disposal of investment properties amounting to SAR 3,563,957 and Impairment loss on investment properties amounting to SAR 59,826,225
* Return for the period = (Funds from Operations per Unit) / Par Value of Unit.
Please find attached a copy of the financials.
https://reit.jadwa.com/Uploads/Attachments/Jadwa_HREIT_2020_Audited_FS_EN_30032021.pdf