Strategy Note /
Saudi Arabia

Saudi REIT Sector – Q3 21

  • In Q3 21, four new properties were acquired by two REITs

  • The total market NAV for the sector stood at SAR16.1bn in H1 21, decreasing by 1.0% yoy

  • The sector’s H1 21 FFO increased 20.1% yoy to SAR492mn but remains in-line with H1 19 levels of SAR493mn

Iyad Khalid Ghulam
Iyad Khalid Ghulam

Vice President, Senior Equity Research Analyst

SNB Capital
9 September 2021
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