Introduction: Mulkia Investment Company Announces the Availability of the Audited Annual Financial Statements for Mulkia Gulf Real Estate REIT Fund for the period ending on 31/12/2021 as following:
Net Assets at the End of the Period: 638,850,619 Saudi riyals
Total Expenses and Fees for the Year/Period: 43,633,917 Saudi riyals
Net Profit/(Loss) for the Year/Period:30,528,929 Saudi riyals
Number of the Outstanding Units at the End of Year/Period: 68108652 Units
Net Unit Value: 9.38
Revenue of the period : 4.76 %
Hyperlink to Financial Statements: view
Additional Information:
– Net Asset fair value as per Real Estate valuation at the end of the period is: 674,793,974 Saudi Riyals.
– Net Asset Value per unit as fair value at the end of the period is: 9.91 Saudi Riyals.
– Total Depreciation for the period is: 12,220,502 Saudi Riyals.
– The above expenses and fees for the period do not include the impairment of investment properties with an amount of: 935,559 Saudi Riyals.
– The above expenses and fees for the period do not include the Zakat expense of 2021, which equals: 1,425,499 Saudi Riyals
– Note that the annual report containing the audited financial statements will be announced according to the regulatory requirements.
(*) Return for the period is calculated by dividing net profit for the period on net asset value at beginning of the period.