It has been announced that trading has commenced on the units of the AREIC Diversified REIT, a closed-ended real estate investment trust publicly listed on the Saudi Stock Exchange (Tadawul – Main Market). The fund is fully compliant with Shariah principles and was established in Saudi Arabia under the Real Estate Investment Funds Regulations and applicable laws, managed by Alistithmar Capital. Since its inception, the fund has aimed to invest in income-generating real estate assets within or outside the Kingdom and distribute no less than 90 percent of its annual net profits on a semi-annual basis.
The fund’s portfolio consists of a carefully selected mix of real estate assets managed by its asset manager, AREIC, to meet investor aspirations and generate sustainable returns. These assets include Somerset Hotel in Al Khobar, Citadines Hotel in Abha, The Roof lifestyle center in Riyadh, Galleria Mall in Jubail Industrial City, Corniche Plaza in Dammam, the Saudi Ericsson Building in Riyadh, and Al Mishaal warehouses in Riyadh. This diversified portfolio provides a balanced investment exposure across the hospitality, commercial, and logistics sectors. Through this structure, the fund seeks to ensure stable cash flows and expand its revenue base over time, while adhering to the highest standards of transparency and operational efficiency, in line with Saudi Vision 2030 objectives to advance the real estate investment sector and support economic growth.
It is worth noting that the fund manager and operator, Alistithmar Capital, is a closed joint stock company licensed by the Capital Market Authority of Saudi Arabia to engage in principal and agency trading, underwriting, managing investment funds, managing client portfolios, arranging, advising, and custodial activities in securities. The company is wholly owned by The Saudi Investment Bank.
It is also important to highlight that AREIC, the asset manager of the fund, was established in 2006 with an ambitious vision to redefine the concept of real estate development and investment in Saudi Arabia by blending heritage with innovation. The company goes beyond developing real estate projects to create unique destinations that deliver lasting value and meet the aspirations of individuals, partners, and investors.
