Riyadh – Mubasher: SNB Capital, acting as the fund manager for AlAhli REIT Fund 1, released its quarterly statement for the period ending 30 June 2026, reporting a net income of SAR 34.61 million.
The fund’s total assets reached SAR 2.01 billion, supported by a diversified real estate portfolio with occupancy rates reaching 100% at Al Andalus Mall and Andalus Avenue.
Financial indicators for the period show a net asset value (NAV) of SAR 1.16 billion. The book value per unit stood at SAR 8.41, while the market price per unit was recorded at SAR 6.43.
The fund manager confirmed that the debt-to-total assets under management ratio reached 36.89%, with a loan maturity date set for 30 July 2029.
The disclosure highlighted a total dividend distribution of SAR 30.25 million for the period covering the fourth quarter (Q4) of 2025 through Q2-26.
This distribution, paid on 13 April 2026, amounted to SAR 0.22 per unit, representing 2.12% of the net asset value. Total expenses, including management fees of SAR 10.84 million, resulted in an expense ratio of 1.13% for the period.
Last month, the fund's board of directors agreed to implement a series of non-fundamental changes to the fund’s terms and conditions.
