Jadwa REIT Al Haramain Fund

Jadwa REIT Al Haramain Fund is a Shariah-compliant, closed-end real estate investment traded fund (REIT) established in Saudi Arabia and managed by Jadwa Investment, a Saudi closed joint stock company licensed by the Capital Market Authority (CMA). The fund operates under the Real Estate Investment Funds Regulations and the CMA's instructions for real estate investment traded funds. Its investment strategy focuses primarily on income-generating real estate assets located in the holy cities of Mecca (Makkah) and Medina (Al Madinah), positioning it as a specialist vehicle for investors seeking exposure to the religious tourism and hospitality real estate sector in the Kingdom. The fund's primary objective is to provide current income to investors through investments in income-producing real estate assets. It distributes cash dividends at least twice per calendar year, with an annual distribution of no less than 90% of the fund's net annual profits, excluding capital gains from the sale of real estate assets and other investments, which may be reinvested for the acquisition of additional assets or for maintenance and renovation of existing fund assets. This high payout ratio is designed to appeal to income-oriented investors. Jadwa REIT Al Haramain Fund is listed and traded on the Saudi Stock Exchange (Tadawul), providing liquidity to unitholders. The fund is overseen by a Shariah supervisory board chaired by Sheikh Dr. Abdullah Al-Mutlaq, with members including Sheikh Dr. Mohammed Ali bin Ibrahim Al-Qurri bin Eid, Sheikh Badr bin Abdulaziz Al-Omar, and Sheikh Ahmed bin Abdulrahman Al-Qaidi. The fund's management, including investment decisions and operational oversight, is handled by Jadwa Investment, which is registered as an authorized person under the Authorized Persons Regulations issued by the CMA. As a REIT, the fund offers investors a way to participate in the real estate market without direct property ownership, while adhering to Islamic finance principles. Its focus on Mecca and Medina aligns with the strong demand for religious pilgrimage-related real estate, including hotels, residential compounds, and commercial properties serving pilgrims and visitors. The fund's performance is tied to the Saudi real estate market, particularly in the holy cities, and to broader economic conditions in the Kingdom.

Jadwa REIT Al Haramain Fund was established as a Shariah-compliant real estate investment traded fund in Saudi Arabia, managed by Jadwa Investment. The fund was created under the regulatory framework of the Capital Market Authority (CMA), specifically the Real Estate Investment Funds Regulations and the instructions for real estate investment traded funds. Its Shariah compliance is overseen by a supervisory board chaired by Sheikh Dr. Abdullah Al-Mutlaq, with members Sheikh Dr. Mohammed Ali bin Ibrahim Al-Qurri bin Eid, Sheikh Badr bin Abdulaziz Al-Omar, and Sheikh Ahmed bin Abdulrahman Al-Qaidi. The fund's investment mandate focuses on income-generating real estate assets in Mecca and Medina, two of the holiest cities in Islam, which attract millions of pilgrims annually. This strategic focus allows the fund to benefit from the stable demand for religious tourism-related real estate. The fund distributes cash dividends at least twice per year, with a minimum annual payout of 90% of net profits, excluding capital gains, which may be reinvested. Jadwa Investment, the fund manager, is a Saudi closed joint stock company licensed by the CMA as an authorized person. The fund is listed on the Saudi Stock Exchange (Tadawul), providing investors with liquidity. As of the available information, the fund continues to operate and trade on Tadawul.

Shariah-compliant REIT focused on income-generating real estate in the holy cities of Mecca and Medina, offering regular cash distributions to investors.

• Jadwa REIT Al Haramain Fund

  A Shariah-compliant real estate investment traded fund focused on income-generating assets in Mecca and Medina, managed by Jadwa Investment.

1. 1Jadwa REIT Al Haramain Fund - Wikidatawikidata.org
2. 2صندوق جدوى ريت الحرمين - ويكيبيدياar.wikipedia.org