Announcements
Jadwa REIT Al Haramain Fund announces an Addendum Announcement regarding occurrence of a specific event
Thu, 09 April 2026
Following the announcement of Jadwa Investment Company published on 12/03/1445H (corresponding to 27/09/2023G) regarding the receipt of cash distributions, Jadwa Investment would like to announce that a full exit has been completed from the real estate investment fund, in accordance with the following details:
In 2020, SAR 50 million was invested in a Real Estate Investment Fund. During the investment period, Jadwa REIT Saudi Fund (“the Fund”) received total cash proceeds of SAR 75,583,735, including SAR 11,942,221 from a full exit through the sale of the remaining units in the secondary market. This corresponds to a 51% return on investment, with an internal rate of return (IRR) of 13.76%.
This transaction provides the fund with high flexibility and strengthens its financial position. The sale proceeds will be deployed across several strategic options, including but not limited to:
- Acquiring high-quality, income-generating real estate assets.
- Partially repaying existing bank facilities, thereby reducing the fund’s financial obligations.
We confirm that there are no related parties involved in the unit sale transaction.
- - The financial impact is expected to be positive overall and will be reflected in the fund’s results for the second quarter of 2026.
- - The Fund Manager will disclose any further developments related to this matter in due course.