Riyadh – Mubasher: MEFIC REIT Fund reported a net asset value (NAV) of SAR 506.24 million in the third quarter (Q3) of 2026, with the NAV per unit standing at SAR 6.90.
The fund’s total asset value reached SAR 905.33 million at the end of the quarter. The real estate portfolio was valued at a book value of SAR 763.11 million, while its fair value was recorded at SAR 827.01 million.
The portfolio, which consists of four properties located in Riyadh and Makkah, maintained an overall occupancy rate of 66%.
Financial indicators showed that the debt-to-total assets ratio stood at 34.41%, with loan maturities scheduled for 1 August 2031.
The fund reported an annualized operating income to unit price of 15.12%.
For the third quarter (Q3) of 2026, the fund manager confirmed a total distribution of SAR 0, representing 0.00% of the NAV.
The market value of the fund was SAR 233.02 million, equivalent to SAR 3.18 per unit based on 73.27 million outstanding units. In the first half (H1) of 2026, the fund’s net losses hit SAR 5.37 million.
