Al Rajhi REIT Fund

SAU:4340Real Estatetasi

SAR 7.78+0.13%At closeAt close · Mon 19 Oct · ≈ AED 7.62 · Market cap $571.79M

SAR millions	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	YoY
Revenue	168.9	130.3	158.2	192.1	239.5	238.5	−0.4%
Cost of revenue	47.4	45.1	46.7	4.8	78.8	132.5	+68.1%
Gross profit	168.9	130.3	159.9	187.3	160.7	106.0	−34.0%
Research & development	0.0	0.0	0.0	0.0	0.0	0.0	—
Selling, general & administrative	18.2	16.5	16.8	20.7	1.6	0.0	−100.0%
Selling & marketing	0.0	0.0	0.0	0.0	0.0	0.0	—
Operating expenses	66.5	61.9	43.6	54.0	1.6	(42.3)	−2672.6%
Operating income	102.4	68.4	116.4	133.4	159.0	148.3	−6.7%
Interest expense	26.5	21.0	32.7	52.2	54.8	50.6	−7.8%
Interest income	0.0	0.0	0.0	0.0	0.0	0.0	—
Other income / expense	(89.9)	(243.5)	(2.9)	(57.8)	10.5	(0.9)	−108.9%
Pre-tax income	12.5	(175.1)	113.4	75.5	187.2	147.4	−21.3%
Income tax	90.2	227.1	(43.7)	0.0	0.0	0.0	—
Net income	12.5	(175.1)	113.4	75.5	187.2	147.4	−21.3%
Discontinued operations	0.0	0.0	0.0	0.0	0.0	0.0	—
Other net income adjustments	0.0	0.0	0.0	0.0	0.0	0.0	—
EPS, basic (per share)	0.08	(1.08)	0.70	0.27	0.68	0.53	−22.1%
EPS, diluted (per share)	0.08	(1.08)	0.70	0.27	0.68	0.53	−22.1%
EBITDA	132.8	97.0	146.3	166.0	207.4	248.0	+19.6%
Depreciation & amortization	29.2	28.6	29.9	38.3	48.4	50.0	+3.4%
Weighted average shares (shares)	161,856,857	161,856,857	161,856,857	275,607,498	275,607,498	275,607,498	+0.0%
Weighted average diluted shares (shares)	161,856,857	161,856,857	161,856,857	275,607,498	275,607,498	275,607,498	+0.0%
Gross margin	100.0%	100.0%	101.1%	97.5%	67.1%	44.4%	−22.6 pts
Operating margin	60.6%	52.5%	73.6%	69.4%	66.4%	62.2%	−4.2 pts
Net margin	7.4%	−134.4%	71.7%	39.3%	78.2%	61.8%	−16.4 pts

SAR millionsUpdated 31 Dec 2025 ·

ⓘ

Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.