Mulkia Gulf REIT posts SAR 14 mln profit in H1

02/08/2018 Argaam

Mulkia Gulf Real Estate REIT Fund reported a net profit of SAR 14.4 million for H1 2018, fund manager Mulkia Investment Co. said in a bourse statement on Thursday.

 

Fees and expenses totaled SAR 12 million for the first half of the year.

 

Net asset value (NAV) – based on fair value – reached SAR 588.5 million, or SAR 10.06 per unit, with the number of total units amounting to 60 million units.

 

Total NAV stood at SAR 603 million. 

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