Riyadh — Mubasher: Al Wasatah Al Maliah (Wasatah Capital) has released the third-quarter financial statement for Al Aziziah REIT Fund, reporting a total asset value of SAR 376.30 million based on book value.
The fund’s net asset value (NAV) stood at SAR 219.93 million on a book value basis, while the fair value of real estate investments was recorded at SAR 287 million.
Total expenses and fees for the quarter amounted to SAR 6.12 million, representing 1.63% of total assets.
The fund manager confirmed that Al Aziziah REIT Fund maintained a 100% occupancy rate across its four primary properties: I-Offices and the Eskan Towers 4, 5, and 6.
Financial data showed a leverage ratio of 39.83% of total assets, with total financing reaching SAR 149.89 million. This debt carries a maturity date of 9 December 2026.
The fund manager, Wasatah Capital, maintains an investment of 4,669,453 units in the fund, representing an 8.16% stake. The rental income-to-unit price ratio was reported at 2.67% for the period.
In Q2-26, the fund’s total asset value reached SAR 382.38 million, while the NAV based on book value stood at SAR 223.59 million.
