Al-Jazira REIT books a net profit of SAR3.1mn in operational months ending Jun-17
Al-Jazira REIT has announced its financial headlines figures for its operational period ending 30-Jun-17 (128-day period between 20-Feb and 30-June). Revenue for the period totaled SAR4mn, while net profit was SAR3.1mn (SAR0.17/unit). As of the end of June, NAV, via market value method, stood at SAR121.1mn (SAR10.17/unit), implying a P/NAV of 1.81x, as of last closing price (10 Aug).
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