Al-Ahli Capital (1) of Al-Ahly Capital achieved net profits of 1.6 million riyals in the first half of 2020, with net assets at the end of the period amounting to 1,324,555 riyals.
According to Arabiya Net, the company said that the number of existing units at the end of the period was 137.5 million, and the net unit value was 9.63 riyals, with a return of 0.12%.
and the return was calculated by dividing the net profit by the net asset value at the start of the fund.
and Al-Ahly Capital had announced earlier that the purchase and transfer of ownership of a two-storey commercial office center in the city of Riyadh had been completed for the Al-Ahli REIT 1 fund, for an amount of $ 250 million riyals
The company stated in a statement on Tadawul that the transaction was funded through bank facilities available to the fund, indicating that the property is fully leased for 3 years with a return equivalent to 8.6%.
and on the date of Safar 23, 1441 AH corresponding to October 22, 2019 AD, Al-Ahly Capital announced that it had signed the purchase agreement for the acquisition of the Al-Ahli REIT Fund (1) of the aforementioned office center. .
and I expected that the financial impact of this transaction would be positive in general on the fund's results, starting from the second half of 2020.
(Amazon fun knowledge)
