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Jadwa REIT Saudi Fund records lower profits in H1-21

Jadwa REIT Saudi Fund records lower profits in H1-21
The fund's income decreased to SAR 63.944 million

Riyadh - Mubasher: The net profits of Jadwa REIT Saudi Fund declined to SAR 27.037 million during the first half (H1) of 2021, compared to SAR 35.67 million in the corresponding period of 2020.

The fund's income decreased to SAR 63.944 million in H1-21 from SAR 66.635 million in the year-ago period, according to a bourse filing on Thursday.

The fund's net assets attributable to the unitholders reached SAR 1.543 billion at the end of the six-month period of 2021.