Overview
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Description
The SICO Saudi REIT Fund is a type of real estate investment trust (REIT) that primarily focuses on investing in real estate assets within Saudi Arabia. Its main purpose is to generate regular income for its investors by owning, operating, or financing income-generating real estate. The fund capitalizes on the robust growth and development of the Saudi real estate sector, which encompasses a variety of properties such as retail spaces, office buildings, residential complexes, and industrial facilities. As a REIT, it plays a crucial role in providing access to real estate investments without the direct burden of property management. Investors benefit from diversified real estate holdings and a mandatory distribution of a majority of the fund’s net income as dividends. The SICO Saudi REIT Fund enhances market liquidity and accessibility to real estate investments, enabling both retail and institutional investors to partake in the growth and potential appreciation of Saudi Arabia's flourishing real estate market. By adhering to regulatory oversight and employing professional asset management, it aims to deliver sustainable income while supporting the broader economic objectives of the region.
About
CEO
Mr. Mishal Ali Mohamed Alhellow
Employees
—
Address
Tamkeen Tower 11 Floor
King Fahad Road P.O.BOX : 64666
Riyadh, 11546
King Fahad Road P.O.BOX : 64666
Riyadh, 11546
Phone
11 279 9525
Website
Instrument type
REIT
Sector
Real Estate
Industry
REIT - Diversified
Country
Saudi Arabia
MIC code
XSAU