Jadwa REIT Saudi Fund is a Sharia-compliant real estate investment traded fund (REIT) that invests in real estate assets across various cities in the Kingdom of Saudi Arabia, excluding Makkah al-Mukarramah and al-Madinah al-Munawwarah. The fund was established on December 28, 2017, with an initial size of SAR1.58 billion.
It was listed on the Saudi Exchange (Tadawul) on February 11, 2018, under the symbol 4342 and the name “Jadwa REIT Saudi”, with ISIN SA14GG523R59. It was the tenth investment fund in Saudi Arabia’s real estate investment traded funds sector.
Management
Jadwa REIT Saudi Fund is managed by Jadwa Investment, a closed joint-stock company that provides Sharia-compliant investment banking services. Founded in 2007, Jadwa Investment is headquartered in Riyadh with three regional offices. Its services include asset management, advisory, brokerage, custody, and corporate financing.
Through Jadwa REIT Saudi Fund, the company aims to provide long-term value for investors by building a diversified and profitable portfolio of income-generating real estate assets.
Objectives
The primary objective of Jadwa REIT Saudi Fund is to deliver sustainable returns by investing in high-quality real estate assets. The fund distributes at least 90% of its net profits from real estate asset sales to investors, with distributions made four times per year.
This approach ensures compliance with Saudi regulatory frameworks while also offering investors reliable income through quarterly dividends.
Beneficiaries
Eligible investors in Jadwa REIT Saudi Fund include:
- Saudi nationals
- Citizens of Gulf Cooperation Council (GCC) countries
- Residents of Saudi Arabia holding valid residency permits (Iqama)
- Legal entities within the Kingdom
- Institutions, companies, and investment funds
All investors must comply with the Law of Real Estate Ownership and Investment by Non-Saudis, as well as the fund’s internal bylaws.
Assets
At inception, Jadwa REIT Saudi Fund’s portfolio included:
- Marvella Residential Compound – Riyadh
- Al Sulay Industrial Facility – Riyadh
- Al Fannar Compound and Retail – al-Rawabi District
- Al Marefa University – Diriyah
- Al Yaum Newspaper Tower – Dammam
The fund expanded in 2019 by adding:
- Courtyard Olaya Hotel – Riyadh
- Aber Al Yasmin Hotel – Riyadh
- Raud Al Jenan School – Riyadh
Further expansion occurred in 2021, with the addition of The Boulevard City to its portfolio.
These assets span residential, industrial, hospitality, commercial, and educational real estate sectors, providing diversified income streams.
Strategic Role
As one of Saudi Arabia’s largest REITs, Jadwa REIT Saudi Fund supports the Kingdom’s Vision 2030 by promoting real estate investment diversification and expanding opportunities for institutional and individual investors. The fund aligns with Saudi Arabia’s broader strategy to strengthen the capital markets and real estate development sector.
