Mulkia Investment Company announces the availability of Mulkia Gulf Real Estate REIT Fund Annual report including the Annual Audited Financial statements for the year ending 31/12/2023 as following:

Net Assets at the End of the Period: 790,840,690 Saudi riyals

Total Expenses and Fees for the Year/Period: 117,026,526 Saudi riyals

Net Profit/(Loss) for the Year/Period: (11,806,606) Saudi riyals

Number of the Outstanding Units at the End of Year/Period: 103,765,995

Net Unit Value:    7.62 Saudi riyals

Revenue of the period %:  – 1.49%

For the Fund’s Annual Report: Click here.

Additional Information:

– Net Asset fair value as per Real Estate valuation at the end of the period is 861,805,585 Saudi Riyals.

– Net Asset Value per unit as fair value at the end of the period is 8.305 Saudi Riyals.

– Total Depreciation for the period is 18,698,317 Saudi Riyals.

– The above expenses and fees for the period do not include the impairment of investment properties with an amount of 9,135,331 Saudi Riyals.

(*) Return for the period is calculated by dividing net profit for the period on net asset value at the end of the period.