4%Resturant Building
31%Tharawat
Al Taqwa Hotel
47%Tharawat
Al AndalosiyaHotel15%
Tharawat Wadi Ibrahim Hotel
3%Pharmacy Building
7%Retail93%
Hospitality
31%More than 500m from
Haram
69%Less than 500m from
Haram
Fact Sheet - Q4 2018
Market Cap SAR 495 mn
Market unit price SAR 7.5
Net Asset Value (NAV) SAR 716.9 mn
NAV Per Unit* SAR 10.86
Portfolio Value SAR 862 mn
*Fair value NAV per unit is calculated on the basis of the average fair value of the Fund's properties, which were valued by two independant certified evaluators as of 31/12/2018
Jadwa REIT Al Haramain Fund at a Glanceas of 31 December 2018
Outstanding Units 66,000,000
Fund Manger Jadwa Investment Company
Dividend Frequency Semi Annual
Tadawul Ticker 4332
Bloomberg Ticker JADWA AB EQUITY
REIT Information
Jadwa REIT Al Haramain Fund is a closed-ended Shariah compliant real estate investment-traded fund listed in the Saudi Stock Exchange “Tadawul”. The primary objective of the Fund is to provide its investors with current income by investing in income-generating real estate assets in Saudi Arabia, with a primary focus on the Holy Cities of Makkah and Medina.
Portfolio Statistics
Number of properties 5
Number of Tenants 2
Number of Beds 5,022
Number of Rooms 1,069
Total land Area 3,227 Sqm
Total Built Up Area 43,255 Sqm
WAULT 11.1 Years
Occupancy 100%
2017 - 2018
Apr Jun July Aug Sep Oct Nov Dec Oct Nov DecJan Feb Mar Apr MayMay Jun July Aug Sep
18161412108420
NAVPrice
Market unit price and NAV/unitSince inception to 31 December 2018
SAR/Unit
Dividend Distributions (SAR/unit)
H2
2017
0.26
H1
2018
0.28
H1
2017
0.1
H2
2018
0.28
NAV/unit
Q3
2017
10.76
Q4
2017
10.86
Q2
2017
10.63
Q1
2018
10.73
Q2
2018
10.87
Q3
2018
10.72
Q4
2018
10.86
Portfolio Allocationby Asset
Portfolio Allocationby Sector
Portfolio Allocationby Proximity
Fact Sheet - Q4 2018
54
(12)
42
(10.2)
31.8
(8.2)
23.6
38.6
791.6
830.2
5.7
177.8
183.6
646.6
SAR 37 mn
SAR 0.57
SAR 0.56
10.9%
7.47%
1.2%
21%
SAR 24 mn
SAR 0.36
SAR 0.36
6.24%
5%
0.73%
21%
UnauditedBalance Sheet (SAR Million)
Key Indicators
UnauditedIncome Statement (SAR Million)
from 01 Jan 2018 to 31 Dec 2018 from 16 Apr 2017 to 31 Dec 2017
from 01 Jan 2018 to 31 Dec 2018 from 16 Apr 2017 to 31 Dec 2017
As of 31 Dec 2018 As of 31 Dec 2017
Fund from operation (FFO)
FFO per unit
Dividend per unit
Rental income to unit price*
Dividend Yield*
Expense Ratio
Loan-to-value ratio
Revenues
Direct expenses*
Gross profit
Fund expenses
Operating profit
Finance charges
Net profit
Current Assets
Non-current assets
Total Assets
Current liabilities
Non-current liabilities
Total liabilities
Net Asset Value
* Unit price as of the end of the year
Fund Updates:
• No material changes have taken place that affects the operations of the Fund.
* Inclusive of depreciation expesnses
29.8
(8.3)
21.5
(6.2)
15.3
(0.166)
15.1
78.5
768.7
847.2
11.5
177
188.5
658.6
reit.jadwa.com
DisclaimerJadwa Investment or its directors, staff, or affiliates makes no warranty, representation or undertaking whether expressed or implied, nor does it assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information that is contained in this material. It is not the intention of this material to be used or deemed as an advice, option or for any action that may take place in future. Unless otherwise stated, all information contained in this material shall not be reproduced, in whole or in part, without the specific written permission of Jadwa Investment. The content of this document is for information purposes only. Jadwa Investment does not hold itself out as providing legal, financial or other advice via this document. To ensure proper understanding of the Fund and its suitability for you according to your risk appetite, we recommend that you seek specialist investment advice.Investments in Jadwa’s products are governed by their Terms and Conditions. While reading the product’s Terms and Conditions, please refer to the principal risks of investing in the product. Some products are exposed to foreign currencies and changes in currency exchange rates and other risks that may have an adverse effect on the value and price. The product’s value is subject to fluctuations and the investor may not receive the full amount that is originally invested. The information provided in this document can be changed at any time without prior notice. Past performance is not indicative of future returns. Jadwa Investment is authorized and regulated by the Capital Market Authority of Saudi Arabia.