Musharaka REIT Fund

Musharaka REIT Fund is a closed-end real estate investment traded fund listed on the Saudi Stock Exchange “Tadawul” as well as in the FTSE EPRA Nareit Global Real Estate Index, which specializes in real estate investment traded funds and real estate companies.

Active Fund Active Fund

Net Asset value (as of December 31, 2024)

1.6 billion

Fund capital (Saudi riyals)

880 million

Licensed by the Capital Market Authority and Sharia compliant

Fund Duration

99 years extendable by 2 additional years

Main information

0.01

Amount of change

0.20

Percentage of change

5.12

Share price

Date of operation of the fund

October 1, 2017

Foundation price

10 Saudi riyals per unit

Number of units issued

88 million units

Net asset value per unit (as of December 31, 2024)

9.09

Dividend distribution policy

Twice a year

Fund revenues for the period ending December 31, 2024

106,100,693

Terms and Conditions

To view the terms and conditions of Musharaka Reit Fund, please click on download to view and download the file

Terms and Conditions

Fund News

All Fund News
Announcement by Musharaka Capital on the Details of Non-Fundamental Changes to the Terms and Conditions of the Musharaka REIT Fund
22 April 2025

Musharaka Capital Company announces the approval of the Fund’s Board of Directors on a non-fundamental change in the Musharaka REIT Fund, which will take effect on 08/11/1446H corresponding to 06/05/2025. The details of the non-fundamental change are as follows: Modification of…

Musharaka Capital announces the Availability of the Quarterly Statement for Musharaka REIT Fund for the period ending on 31 March 2025:
15 April 2025

Musharaka Capital announces the Availability of the Quarterly Statement for Musharaka REIT Fund for the period ending on 31 March 2025: A copy of the statement can be obtained through the attachment or via the fund manager’s website as below:

Announcement by Musharaka Capital that Musharaka REIT’s annual reports, including the annual audited financial statements, for the period ended on 31/12/2024
23 March 2025

Announcement by Musharaka Capital that Musharaka REIT’s annual reports, including the annual audited financial statements, for the period ended on 31/12/2024 Funds Annual Report Net Assets SAR 744,871,101 Total Expenses and Fees SAR 94,423,693 Net Profit/(Loss) SAR (22,289,468) Number of Outstanding Units 88,000,000 Units Net Unit Value SAR 8.46 Revenue for the Period % 1.69 % Funds…

Appended Announcement from Musharaka Capital Company regarding Musharaka Capital announcement of dividend distribution of Musharaka REIT Fund for for the period from July 01 to December 31,2024
23 March 2025

Appended Announcement from Musharaka Capital Company regarding Musharaka Capital announcement of dividend distribution of Musharaka REIT Fund for for the period from July 01 to December 31,2024 Date of the Previous Announcement 17-09-2025 H Corresponding 17-03-2025 G URL of the Previous Announcement Announcement Details Musharaka Capital Company announces distribution cash…

Fund assets

AlOrouba Plaza Complex

The location is considered one of the most important and active locations in the region. It also includes a number of showrooms, including restaurants, cafes and a supermarket.

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Al-Bazai Automotive Showrooms

The showrooms are built and equipped according to the best specifications and standards for the new automotive showrooms, and they have been fully leased to Saleh Abdullah Al-Bazai and Sons Company, which is…

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Al Faisaliah Plaza Commercial Complex

It is located in a very strategic location; due to its proximity to all the residential neighborhoods that are characterized by their population density, and it includes a number of showrooms, including restaurants,…

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Al Jubail Plaza Commercial Complex

The Strip mall is located in the heart of Jubail city and close to the commercial sites and the residential neighborhoods, such as Al Waha Neighborhood and other neighborhoods. It also includes a…

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Kharj Plaza

The Strip mall is one of the most vital and active sites in the Al-Kharj City; due to its proximity to the residential neighborhoods and the Prince Sattam bin Abdulaziz University, and its…

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Verdun Tower

Verdun Tower is located in the one of the most strategic locations in Riyadh, specifically in Olaya district at the intersection of King Fahad Road with Prince Mohammed bin Abdulaziz Road (Al Tahliya…

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Radisson Blu Hotel Apartments

It consists of 92 hotel apartments in three different types of designs and spaces, and is equipped with all the services that guests need, including room service, a restaurant, a business center, a…

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Gardeno Hotel

The Gardeno Hotel is located in the city of Riyadh, in the Olaya district, on Al-Takhasosi Road. The hotel consists of 94 hotel rooms and suites and is fully equipped with services, including…

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Ajzala Residential Complex

It consists of 101 villas equipped with all the services needed by the complex’s residents, including a health, sports and entertainment centre, playgrounds and a multi-purpose hall. It is also distinguished by its…

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Seashore Residential Complex

It contains 112 residential units that are fully furnished and equipped. It also includes a number of recreational and service facilities for residents, including swimming pools, health clubs, sports centers for men and…

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Pearl Residential Complex

The complex contains 233 residential units of different designs and sizes. The complex is considered one of the most modern and efficient residential complexes equipped with the highest security systems. It also contains…

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Al Baraka warehouses

They are warehouses built according to the best levels and standards for warehouse equipment. They are considered one of the largest and finest warehouses in the region. They are also leased under a…

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The Box

Storage warehouse is located in Jebel Ali First, within the free zone of the Emirate of Dubai, United Arab Emirates. It consists of a basement, a ground floor, and three upper floors, along…

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FAQ

“Musharaka REIT Fund” is a closed-end public real estate traded investment fund. The Fund’s strategy is to invest in structurally developed real estate assets capable of achieving regular rental income. The Fund Manager is also committed not to invest in white lands; in addition to the annual distribution of 90% of the Fund’s net income to the investors.

The Traditional Real Estate Fund can only be exited after the expiry or termination of its term; unlike the REIT fund, which allows the investor to trade units in the Saudi Stock Exchange “Tadawul” at any time during its official working hours.

By entering the Tadawul platform and buying or selling the Fund’s units directly, same as the mechanism of buying and selling stocks of the listed companies.

By entering the Tadawul platform and buying or selling the Fund’s units directly, same as the mechanism of buying and selling stocks of the listed companies.

Yes, the Shariyah Review Bureau (the Fund’s Shariah Advisor) issued its decision to approve the Fund’s terms and conditions. The Shariyah Review Bureau is a company specialized in providing Shariah audit and review services, and is a member of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), and licensed by the Central Bank of Bahrain to provide Shariah consulting services.

Yes, the Shariyah Review Bureau (the Fund’s Shariah Advisor) issued its decision to approve the Fund’s terms and conditions. The Shariyah Review Bureau is a company specialized in providing Shariah audit and review services, and is a member of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), and licensed by the Central Bank of Bahrain to provide Shariah consulting services.

The operating profit is often distributed, which is the net profit after adding the intangible expenses, such as depreciation and amortization.

 

The REIT Fund is considered to have a medium risk.

They are closed-end real estate investment traded funds, whose units are traded in the stock exchange market, such as trading of listed stocks, and they aim to facilitate investment in developed and ready-to-use properties that generate periodic and rental income. As is the case with any other investment instruments in the capital market, REIT funds are subject to monitoring and supervision by the Capital Market Authority (CMA) and “Tadawul”, each according to its specialization. The capital market regulations also require the real estate investment traded funds to comply with high levels of transparency and disclosure that exceed those imposed on the investment options available in the traditional real estate market.

The Fund Manager must distribute the cash profits to the unitholders at least once a year; with a rate not less than 90% of the Fund’s annual net profits. The Musharaka REIT Fund’s policy is to distribute the profits to the unitholders twice a year “every six months”.

The Musharaka REIT Fund is targeting a total return of 8.6%, which is considered one of the highest total returns in the market; whereas the target net return on the Fund’s capital reaches 7%, and the Fund Manager aims to raise the net return for the investors in the coming years through new and distinctive investments that benefit the unitholders.

 

The Fund does not have an articles of incorporation or a memorandum of association; however, the Fund has a prospectus called (Terms and Conditions) that must be viewed and read by anyone who wants to invest in the Fund; in order to be aware of the Fund’s management, its legal contracts and investment objectives, potential investment risks, and other details.

The Custodian is the one who takes on the role of protecting client’s assets and ensure seamless support with all investment regulatory requirements, and it must be a company licensed by the (CMA); in order to provide the custody services. The Custodian retains all the Fund’s important documents and records, which include but are not limited to the following: title deeds, investment decisions, important and substantial contracts related to the Fund’s operations and work, minutes of the Fund’s Board of Directors meetings, assessment reports, performance reports, and financial reports.

 

The Rental Contract is concluded with the (Tenant), who uses the property for his own benefit in exchange for predetermined rental payments. The Property Management Contract is concluded with the (Property Manager); as he manages, operates and leases the property and collects the returns on behalf of the owner.

Total Return is the return on capital before the deduction of the Fund’s fees and expenses. Net Return is the return on capital after the deduction of the Fund’s fees and expenses.