Mulkia Real-Estate Income Fund is a closed end real estate fund that complies with Shari’ah investment standards. The fund’s objective is to realize periodic returns through investing in income producing real estate assets. The fund aims at distributing at least 80% of the net rental income to unitholders. The fund’s tenor is for five years with the ability to extend for another two years.
| FUND NAME | Mulkia Real Estate Income Fund |
| SHORT NAME | Mulkia R.E Income Fund |
| FUND OBJECTIVES | Income & Growth |
| FUND POLICY | The fund aims to the acquisition of properties leased or rentable for the purpose of generating rental income and the distribution of at least 80% of the net rental income in cash to the unitholders during the life of the fund in addition to distributing any capital gains at the end of the fund’s tenor, if any. |
| FUND MANAGER | Mulkia Investment Company |
| FUND MANAGER INVESTMENT | 13.76% |
| AMOUNT INVESTED IN THE FUND BY THE FUND MANAGER | SAR 3,000,000 |
| BUSINESS DAYS | business day from Sunday to Thursday with the exception of public holidays for the KSA |
| FUND CATEGORY | Real Estate Funds |
| FUND DETAILED OBJECTIVE | Achieving periodic returns with capital growth by investing in real estate income producing assets. |
| BASE CURRENCY | Saudi Arabia, Riyals |
| INCEPTION DATE | 01/09/2016 |
| INCEPTION PRICE | 10 |
| FUND SUB CATEGORY | Shari’ah Compliant |
| FUND TYPE | Close |
| RISK CATEGORY | Medium |
| FUND CODE | 137003 |
| Management Fees | 1% annually of net asset value. Calculated and paid semi annually. | |
| Custody Fees | Up to 0.25% annually of net asset value | |
| Auditor Fees | Up to 40,000 SAR paid and calculated semi annually | |
| Board Members compensation | 5,000 SAR for each Independent member per meeting. | |
| Sharia Board fees | 33,000 SAR semiannually. | |
| CMA Fees | Determined by CMA | |
| Tadawul fees | Determined by Tadawul | |
| Real estate Valuation | Based on market prices | |
| Real Estate Manager fees | Between 5%-10% of the rents collected. | |
| Maintenance of real estate. | Based on market prices | |
| # | File Name | View |
|---|---|---|
| 1 | Tearms and Conditions of Real States Incom Fund | View / Save |
| # | Report Name | View |
