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Alahli REIT Fund 1 (SAU:4338) Credit Losses Provision


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What is Alahli REIT Fund 1 Credit Losses Provision?

Credit Losses Provision only applies to banks.


Alahli REIT Fund 1 (SAU:4338) Business Description

Traded in Other Exchanges
N/A
Address
King Saud Road, P.O. Box 22216, Regional Building of National Commercial Bank, Riyadh, SAU, 11495
Alahli REIT Fund 1 invests in income-producing properties. Its objective is to provide periodic rental income to Unitholders through investing in developed income-generating properties and to potentially provide capital growth by developing and/or expanding and/or selling assets. The Fund invests mainly in developed income-generating real estate assets and may invest part of its assets and cash surplus in Murabaha transactions and short-term deposits in Saudi Riyals with banks that are licensed by the Saudi Central Bank (SAMA) and operate in Saudi Arabia. The Fund may also invest in public money market funds approved by CMA.