Riyadh – Mubasher: Osool & Bakheet Investment Company has announced the availability of Al Maather REIT’s financial statement at the end of September 2026, disclosing a net asset value (NAV) of SAR 489.75 million.
The fund, which manages a portfolio of 15 properties, reported NAV per unit of SAR 7.98, representing a 2.21% change from the previous quarter.
The fund's total book value of assets reached SAR 702.98 million, supported by bank facilities totaling SAR 197.83 million. This brings the leverage ratio to 28.14% of total asset value.
During the third quarter (Q3) of 2026, the traded unit price closed at SAR 7.75, a decline of 13.89% compared to the prior period.
Operational performance remained robust with an overall occupancy rate of 99.67% across its assets, which include the Al Maather Genex and Burjeel Hospital.
Total operating expenses for the quarter amounted to SAR 4.80 million, or 0.68% of total assets.
Management fees accounted for SAR 1.14 million of these costs. The fund manager currently holds 351,819 units in the REIT, which has a total of 61.37 million issued units.
In Q2-26, the fund reported a NAV of SAR 500.65 million, with the NAV per unit rising by 1.37% to SAR 8.16 from SAR 8.05 at the end of the previous quarter.
