Taleem Reit Fund (Saudi Arabia)

The Fund is a closed ended Shariah compliant real estate investment traded fund denominated in Saudi Riyals based on an agreement between Saudi Fransi Capital (the Fund Manager) and investor that aims to invest in developed real estate properties, generating periodical income and distributing a minimum 90 percent of net income annually as dividends. investing in or acquiring real estate assets that are linked to the educational or training sector.
The duration of the Fund is ninety-nineyears from the date of commencement of operationsand can be extended at the sole discretion of the Fund Manager after the approval of the Fund's Boardand the Capital Market Authority (“CMA”).The Fund's primary investment objective is to invest in constructionally developed real estatewhich isqualified to generate periodic return and rental income and to distribute ninety percentof the Fund s net profit as dividends to the unitholders at least annually. The Fund can borrow Shariah compliant funds up to 50 of the value of its total assets.
The Company was established on June 9, 2015 and registered in the commercial registration office under the number 1010231217.
The Fund commenced its operations on May 30, 2017
The Company was listed on Saudi Stock Exchange on May 30, 2017.