Aljazira REIT Fund is a Sharia-compliant real estate investment traded fund (REIT) listed on the Saudi Exchange (Tadawul) under the main market within the real estate investment traded funds sector. The fund was established on January 2, 2017, with a capital of SAR118 million, and is headquartered in Riyadh.
The fund is listed on Tadawul with the trading symbol (4331) and ISIN (SA148G523LL8). Unlike some REITs, Aljazira REIT is not subject to investment restrictions beyond those required by regulatory and supervisory authorities in the Kingdom of Saudi Arabia.
Management and Compliance
The fund is managed by Aljazira Capital, while Alinma Investment serves as the custodian. In line with its Sharia-compliant mandate, all transactions, contracts, and agreements adhere strictly to Islamic finance principles. The fund does not engage in any activities involving riba (interest-based transactions) and employs only Sharia-approved financing structures. Oversight is provided by a Sharia supervisory committee, ensuring continued compliance.
Independent evaluations of the fund’s assets and operations have been conducted by Century 21 Saudi Arabia and Nojoom AlSalam.
Assets
The fund’s assets include al-Khumra warehouses in the al-Khumra area of Jeddah City, which are fully owned by the fund. The operation, maintenance, and marketing of these warehouses are handled by Najmat Selah Co.
These warehouses form the backbone of Aljazira REIT’s portfolio, offering steady rental income and serving as a strategic investment in one of Saudi Arabia’s most active commercial hubs.
Activities and Profit Distribution
Aljazira REIT Fund primarily invests in structurally developed, income-generating properties. According to its bylaws, the fund distributes at least 90% of its net profits annually in cash to investors. Distributions are made with a minimum payout occurring in the third quarter of each year, provided rent collections are complete.
This dividend-focused structure ensures stable returns for investors, aligning with both Sharia principles and the regulatory framework governing REITs in the Kingdom.
Strategic Role
As part of Saudi Arabia’s growing REIT sector, Aljazira REIT Fund contributes to the diversification of investment opportunities in the real estate market. By focusing on Sharia-compliant, income-generating assets, the fund supports broader goals under Saudi Vision 2030, including strengthening capital markets, expanding investor access, and promoting sustainable real estate growth.
