SEDCO Capital REIT Fund is a Sharia-compliant closed-ended real estate investment traded fund (REIT) specializing in the real estate sector. It was founded on December 4, 2017, and listed on the Saudi Stock Exchange (Tadawul) on May 11, 2018. The fund is traded on the main market under the number 4344 and the name SEDCO Capital REIT, with ISIN SA14GG523S58.
The fund is structured to provide investors with access to a diversified portfolio of income-generating real estate assets across Saudi Arabia, with the objective of delivering stable rental income and long-term value growth.
Management
The SEDCO Capital REIT Fund is managed by SEDCO Capital, officially known as the Saudi Economic and Development Company, a closed joint-stock company specializing in global asset management, corporate financing, consulting services, and investment solutions.
Founded in 2009, SEDCO Capital is headquartered in Jeddah City and maintains branches in Riyadh, Dubai, Luxembourg, and London. In 2014, the company ratified the Principles for Responsible Investment (PRI), which serve as a framework for integrating environmental, social, and governance (ESG) standards into investment decision-making. This alignment highlights the company’s commitment to responsible and sustainable investment practices.
Objectives
The primary objectives of the SEDCO Capital REIT Fund include:
- Acquisition of developed properties that can generate steady rental income.
- Distribution of at least 90% of net annual profits to unit holders within 90 days of dividend announcements, excluding capital gains from property sales, which are reinvested.
- Allocation of at least 75% of total assets to income-generating properties in Saudi Arabia.
- Investment of up to 25% of assets in property development, renovation, redevelopment, or foreign properties to diversify income streams.
These objectives aim to deliver consistent income to investors while maintaining a balanced exposure to development opportunities and risk-managed property investments.
Investments
The SEDCO Capital REIT Fund portfolio is strategically distributed across key economic regions in Saudi Arabia, including:
- Jeddah Province
- Riyadh Province
- Eastern Province
The fund’s portfolio focuses heavily on developed properties capable of generating rental income, ensuring long-term stability for unit holders. Additionally, up to 25% of the portfolio is allocated for property development projects, asset renovation, or selective international investments, aligning with the fund’s strategy to balance growth with steady returns.
Market Position
As a listed fund on Tadawul (4344), the SEDCO Capital REIT Fund provides investors with a transparent, regulated, and Sharia-compliant investment vehicle. Its management by SEDCO Capital, a global asset manager with ESG integration practices, enhances its credibility in the real estate investment market. The fund’s diversified portfolio and profit distribution policy strengthen its role as a reliable option for investors seeking exposure to Saudi Arabia’s growing real estate sector.
