Riyadh – Mubasher: SEDCO Capital REIT Fund reported total assets valued at SAR 3.61 billion, with a net asset value (book value) of SAR 1.46 billion, or SAR 7.83 per unit.
The fund manager confirmed a total profit distribution of SAR 25.70 million for the second quarter (Q2) of 2026, representing SAR 0.13 per unit for 186.94 million outstanding units.
This distribution accounted for 1.59% of the net asset value. Total expenses and fees for the period reached SAR 58.21 million, including financing costs of SAR 26.35 million and operating expenses of SAR 12.46 million.
During the quarter, the fund signed a memorandum of understanding on 28 June 2026 to acquire an office tower in Riyadh’s Al Yasmeen district for SAR 707 million.
The transaction includes a three-year mandatory leaseback agreement from the seller, with an expected annual income of SAR 69 million and a total return of 9.8% on the acquisition value.
The deal remains subject to regulatory approvals and a planned increase in the fund's total asset value through the issuance of additional units.
