MEFIC REIT units hit lifetime low

11/09/2022 Argaam Special

Logo of MEFIC REIT Fund


Units of MEFIC REIT Fund hit today, Sept. 11, their lowest level since listing, at SAR 5.82.

 

The stock closed 1% higher at SAR 5.93, with a traded volume of 300,000 units.

 

MEFIC REIT was established and listed on the Saudi Exchange (Tadawul) in 2018. The fund has not made any changes to its capital.

 

The fund’s main business includes providing periodic income to investors through investing in income-generating real estate assets in Saudi Arabia and the GCC region. Its fund manager is MEFIC Capital.

 

MEFIC REIT Performance

Annual High (SAR)

8.15

Sept. 13, 2021

Annual Low (SAR)

5.82

Today, Sept. 11, 2022

Historical High (SAR)

10.56

March 10, 2019

Historical Low (SAR)

5.82

Today, Sept. 11, 2022

Highest Trading Volume (mln shares)

20.16

March 23, 2021

 

The following table shows the most important financial indicators of the fund:

 

Key Financial Indicators

Operating P/E (last 12 months) (x)

41.57

Book Value (SAR)

7.23

P/B Ratio (x)

0.82

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read