The MEFIC REIT Fund is a Shariah-compliant closed real estate investment traded fund based in Saudi Arabia. It was launched in March 2018 and is managed by the Middle East Financial Investment Company (MEFIC Capital). Headquartered in Riyadh, the fund is considered one of the largest real estate investment traded funds in the Kingdom of Saudi Arabia.
The MEFIC REIT Fund was listed on the Saudi Exchange (Tadawul) in November 2018, under number 4346, with the name “MEFIC REIT” and ISIN (SA14I0523T54). The fund has a share capital of SAR732.77 million. Units are available to Saudi citizens, Gulf Cooperation Council citizens, and foreign investors, whether residing in Saudi Arabia or abroad.
Components of the Fund
The investment portfolio of the MEFIC REIT Fund includes eight properties spread across Saudi Arabia and the United Arab Emirates. These assets are located in:
- Riyadh
- Jeddah
- Makkah al-Mukarramah
- Dubai (UAE)
The portfolio is diversified across multiple real estate sectors, including:
- Residential properties
- Commercial real estate
- Office buildings
- Hotels
This diversification enhances the fund’s stability and revenue potential.
Investment Objectives
The MEFIC REIT Fund seeks to:
- Provide periodic income to investors.
- Invest in cash-generating real estate assets across Saudi Arabia and the Gulf region.
- Expand its portfolio by targeting high-value real estate opportunities in prime locations.
- Offer exposure to both domestic and regional real estate markets while adhering to Shariah principles.
Significance
As one of the largest REITs in Saudi Arabia, MEFIC REIT Fund plays a strategic role in:
- Supporting the growth of the Saudi real estate sector.
- Contributing to the goals of Vision 2030, particularly in real estate diversification.
- Attracting both local and foreign investors by offering a regulated, Shariah-compliant investment vehicle.
Its presence in Saudi Arabia’s most important cities and Dubai underscores its importance in the region’s real estate investment landscape.
