AlAhli REIT Fund’s (1) assets valued at SAR 1.37 bln in H1: NCBC

22/07/2018 Argaam

 

AlAhli REIT Fund (1)’s assets were evaluated by two accredited independent valuators in H1 2018, NCB Capital, the fund manager said in a bourse statement on Sunday.  

 

According to Valustrat, the aggregate value of Jeddah-based Alandalus Mall and the adjacent five-star Staybridge Suites Hotel stood at SAR 1.37 billion.

 

The exit yield was estimated at 8.5 percent and 9 percent for Al Andalus Mall and Staybridge, respectively for the same period, the report added.

 

Meanwhile, the aggregate value of both assets was set at SAR 1.29 billion by Colliers International.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
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.