The financial statements of REITs listed on the Saudi Stock Exchange at the end of the first quarter of 2026 showed continued remarkable growth in total asset value, amid ongoing investment expansions and an increasing reliance on bank financing to support acquisitions and development.

Real estate ETFs listed on the Saudi Stock Exchange at the end of the first quarter of 2026 continued to record remarkable growth in total asset value, amid ongoing investment expansions and an increasing reliance on bank financing to support acquisitions and development.

According to the data, the total assets of 20 listed real estate funds (19 funds in the main market “TASI” and one fund in the parallel market "Nomu") amounted to about 31.8 billion riyals by the end of the first quarter of 2026, compared to 29.8 billion riyals during the similar period of the previous year, recording an annual growth of 6.7%, with a total increase of 1.99 billion riyals.
This rise in total assets is due to the continued expansion of real estate funds in their investments, as well as the use of credit facilities and bank financing to acquire income-producing properties, in addition to strengthening and diversifying real estate portfolios in key sectors such as commercial centers and office properties.

Funds leading the wave of asset growth
SEDCO Capital REIT was the top performing fund in terms of asset value growth during the period, as its assets increased by SAR 1.077 billion to reach SAR 3.625 billion compared to SAR 2.548 billion in the comparable period, registering a strong growth of 42.3%.

This high performance is due to several important investment moves, most notably the signing of the sale and purchase contract for the “Atelier Lavi” property in Jeddah worth SAR 515 million, in addition to the Fund's announcement in July 2025 of signing a new banking facilities agreement, which raised the credit limit from SAR 1.716 billion to SAR 1.869 billion.This allowed greater flexibility in financing new real estate acquisitions.
In second place, Bonyan REIT came in second after recording an increase in assets of SAR 774 million with a growth rate of 35.6%, bringing its assets to SAR 2.947 billion compared to SAR 2.173 billion. This growth was supported by the completion of the transfer of an office tower in Riyadh's Al Sahafa neighborhood in August 2025, worth SAR 225 million.
The Alinma Retail REIT came third in terms of growth value, after it added SAR 289 million to its assets, rising to SAR 1.469 billion, achieving a growth rate of 24.5%.

The Alinma Retail REIT came third in terms of growth value, after it added SAR 289 million to its assets, rising to SAR 1.469 billion, achieving a growth rate of 24.51 TP3T.

The Taaleem REIT also recorded an increase in its assets by 212 million riyals, rising to 1.071 billion riyals from 858 million riyals, with a growth rate of 24.7%.
In the same context, the OTC-listed Waha REIT continued to achieve strong growth of 29.7%, after increasing its assets by 59 million riyals, rising to 256 million riyals.

The Oasis REIT, which is listed on the parallel market, continued to grow strongly by 29.7%, after increasing its assets by 59 million riyals to increase to 256 million riyals.

Declines in some funds as a result of restructuring
On the other hand, some listed REITs witnessed a decline in total assets during the period, as a result of revaluations or partial sales of some real estate assets, as part of portfolio restructuring and improving the quality of returns. The Musharka REIT led the declines, with assets falling by SAR 152 million, or 9.6%, to reach SAR 1.436 billion compared to the same period.

The Alkhabeer REIT came second in terms of decline, with assets falling by SAR 123 million, or 6.1%, to reach SAR 1.906 billion.The Investment REIT also recorded a decrease of SAR 68 million and 5.5%, bringing its assets down to SAR 1.168 billion.
The declines also included a number of other funds such as MEFIC REIT, Al Azizia REIT, Riyadh REIT and Al Maather REIT, which recorded varying decreases in total assets, as part of rebalancing moves within real estate portfolios.

Many other funds also recorded declines in total assets.

Details of the evolution of total real estate funds“ total assets during the first quarter 2026 compared to the similar quarter 2025
SEDCO Capital REIT showed an increase in its assets from SAR 2,548 million to SAR 3,625 million, an increase of SAR 1,077 million and a growth rate of 42.3%.Bonyan REIT recorded a rise from SAR 2,173 million to SAR 2,947 million, an increase of SAR 774 million and 35.6%.

Waha REIT's assets rose from SAR 197 million to SAR 256 million, an increase of SAR 59 million and 29.7%.
In Taaleem REIT, assets rose from SAR 858 million to SAR 1,071 million, an increase of SAR 212 million and 24.7%.<Alinma Retail REIT recorded growth from SAR 1,180 million to SAR 1,469 million, up by SAR 289 million and 24.5%.
Al Jazira REIT rose from SAR 91 million to SAR 95 million, up by SAR 4 million and 4.6%.
Jadwa Haramain REIT rose from SAR 730 million to SAR 746 million, up by SAR 16 million and 2.Daraya REIT rose from SAR 1,683 million to SAR 1,711 million, up SAR 27 million and 1.6%.
Al Ahli REIT 1 rose from SAR 2,011 million to SAR 2,034 million, up SAR 23 million and 1.1%.
Al Rajhi REIT rose from SAR 3,169 million to SAR 3,186 million, up SAR 17 million and 0.5%.

Al Rajhi REIT increased from SAR 3,169 million to SAR 3,186 million, up SAR 17 million and 0.5%.

Al Rajhi REIT also increased from SAR 3,169 million to SAR 3,186 million, up SAR 17 million and 0.5%.

In contrast, some funds declined, with Jadwa Saudi REIT falling from SAR 2,794 million to SAR 2,782 million, down SAR 12 million and 0.4%.Mulkia REIT declined from SAR 1,613 million to SAR 1,602 million, down SAR 11 million and 0.7%.
Enmaa Hotel REIT declined from SAR 1,020 million to SAR 1,009 million, down SAR 11 million and 1.1%.
Enmaa Hotel REIT declined from SAR 1,020 million to SAR 1,009 million, down SAR 11 million and 1.1%.
Riyadh REIT fell from 2,724 million riyals to 2,686 million riyals, down 38 million riyals and 1.4%.
Maather REIT fell from 729 million riyals to 716 million riyals, down 13 million riyals and 1.8%.
Maather REIT fell from 729 million riyals to 716 million riyals, down 13 million riyals and 1.8%.MEFIC REIT declined from SAR 982 million to SAR 929 million, down SAR 52 million and 5.3%.
Azizia REIT declined from SAR 429 million to SAR 406 million, down SAR 23 million and 5.4%.

Azizia REIT declined from SAR 429 million to SAR 406 million, down SAR 23 million and 5.4%.

Investment REIT fell from SAR 1,236 million to SAR 1,168 million, down SAR 68 million and 5.5%.
Alkhabeer REIT fell from SAR 2,029 million to SAR 1,906 million, down SAR 123 million and 6.1%.
Musharaka REIT fell from SAR 1,588 million to SAR 1,436 million, down SAR 152 million and 9.6%.

Musharaka REIT also fell from SAR 1,588 million to SAR 1,436 million, down SAR 9.6%.

Alkhabeer REIT fell from SAR 1,029 million to SAR 1,906 million, down