Real Estates Income Fund

No Data Available

Mulkia Real-Estate Income Fund is a closed end real estate fund that complies with Shari’ah investment standards. The fund’s objective is to realize periodic returns through investing in income producing real estate assets. The fund aims at distributing at least 80% of the net rental income to unitholders. The fund’s tenor is for five years with the ability to extend for another two years.

 

MINI PROSPECTUS

 
FUND NAMEMulkia Real Estate Income Fund
SHORT NAMEMulkia R.E Income Fund
FUND OBJECTIVESIncome & Growth
FUND POLICYThe fund aims to the acquisition of properties leased or rentable for the purpose of generating rental income and the distribution of at least 80% of the net rental income in cash to the unitholders during the life of the fund in addition to distributing any capital gains at the end of the fund’s tenor, if any.
FUND MANAGERMulkia Investment Company
FUND MANAGER INVESTMENT13.76%
AMOUNT INVESTED IN THE FUND BY THE FUND MANAGERSAR 3,000,000
BUSINESS DAYSbusiness day from Sunday to Thursday with the exception of public holidays for the KSA
FUND CATEGORYReal Estate Funds
FUND DETAILED OBJECTIVEAchieving periodic returns with capital growth by investing in real estate income producing assets.
BASE CURRENCYSaudi Arabia, Riyals
INCEPTION DATE01/09/2016
INCEPTION PRICE10
FUND SUB CATEGORYShari’ah Compliant
FUND TYPEClose
RISK CATEGORYMedium
FUND CODE137003
Until 31/12/2016
Management Fees1% annually of net asset value. Calculated and paid semi annually.74,006
Custody FeesUp to 0.25% annually of net asset value26,002
Auditor FeesUp to 40,000 SAR paid and calculated semi annually15,000
Board Members compensation5,000 SAR for each Independent member per meeting.25,000
Sharia Board fees33,000 SAR semiannually.11,000
CMA FeesDetermined by CMA2,486
Tadawul feesDetermined by Tadawul1,243
Real estate ValuationBased on market prices80,000
Real Estate Manager feesBetween 5%-10% of the rents collected.0
Maintenance of real estate.Based on market prices0
#File NameView
1Tearms and Conditions of Real States Incom FundView / Save
#Report NameView
#Form NameView
1Subscription Order   View
2Redemption Order   View
Related Projects

Latest News

We value our clients,
We recognize their trust