Jadwa REIT’s NAV hits SAR 1.53 bln in FY2019

21/05/2020 Argaam

Jadwa REIT Saudi Fund’s net asset value (NAV) reached SAR 1.53 billion during the fiscal year 2019, as compared to SAR 1.57 billion in 2018, fund manager Jadwa Investment said in a bourse statement on Thursday.

 

The NAV per unit reached SAR 11.17 during the same period.

 

By the end of 2019, the number of issued units recorded 158 million.

 

Expense ratio stood at 0.92%, while the annual return reached 7.89% in FY2019.

 

REIT Details (FY2019)

NAV

SAR 1.53 bln

Net Unit Value         

SAR 11.17

Number of issued units

158 mln

Annual return

7.89%

Expense ratio

0.92%

 

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