AlAhli REIT Fund reports SAR 66 mln profit in 2018

30/01/2019 Argaam

AlAhli REIT Fund posted a net profit of SAR 66.32 million (SAR 0.48 per unit) for the period ending Dec. 31, 2018, according to a bourse filing.

 

Net assets stood at SAR 1.39 billion for the same period.

 

Direct expenses reached SAR 68.06 million, including depreciation of SAR 21.35 million.

 

The unit’s net book value hit SAR 10.16 for the period ending on Dec. 31, 2018.

 

Income Statement

Period

Period from Dec. 25, 2017 until Dec. 31, 2018

Gross Revenue (SAR mln)

150.05

Net Profit (SAR mln) 

66.32

Number of Units (mln units)

137.50

Earnings per unit (SAR/unit)

0.48

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