Riyadh – Mubasher: Al Wasatah Capital, the fund manager of Alazizia REIT, released the fund’s statement for the period ending 30 June 2026.
The report showed the fund’s total asset value reached SAR 382.38 million, while the net asset value (NAV) based on book value stood at SAR 223.59 million.
The fund manager reported that the fair value of the real estate investments was SAR 288.22 million. Total expenses and fees for the second quarter (Q2) amounted to SAR 20.06 million, representing 5.25% of the total asset value.
This increase in expenses was primarily attributed to the recognition of an impairment provision for real estate investments totaling SAR 13.86 million.
As of the end of the period, the fund’s total financing reached SAR 149.89 million, accounting for 39.20% of total assets, with a maturity date of 9 September 2026.
The unit trading price closed at SAR 5.10, compared to a book value per unit of SAR 3.91 and a fair value per unit of SAR 5.04.
The fund, which has a duration of 99 years, currently manages 57.24 million units. Rental income relative to the unit price was recorded at 2.18%.
