Musharaka Financial Company announces the availability of the annual report of Musharaka REIT Fund, which includes the audited annual financial statements for the financial year ending on 12/31/2023
31 March 2024
Musharaka Capital Releases Annual Report for Musharaka REIT
Musharaka Capital has announced the availability of the annual report for Musharaka REIT, including the audited financial statements for the fiscal year ended December 31, 2023.
Financial Highlights:
- Net Assets (AUM): SAR 784,760,569
- Total Expenses & Fees: SAR 91,478,700
- Net Profit / (Loss): SAR (8,349,470)
- Total Outstanding Units: 88,000,000 Units
- Net Asset Value (NAV) per Unit: SAR 8.92
- Return for the Period: 2.6%
The return for the period is calculated as comprehensive income after adding back non-cash expenses (depreciation), divided by the nominal value of the units.
The full annual report is attached and can also be accessed in the annual reports section of the fund’s webpage.
Musharaka Financial Company announces the availability of the annual report of Musharaka REIT Fund, which includes the audited annual financial statements for the financial year ending on 12/31/2023