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Mefic Reit Fund Swings to H1 Net Loss; Revenue Declines

MT Newswires·08/11/2026 03:24:07
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03:24 AM EDT, 08/11/2026 (MT Newswires) -- Mefic Reit Fund (SASE:4346) said Tuesday it swung to a net loss for the first half, while total revenue declined year over year. Net loss for the six months ended June 30 was 5.4 million Saudi riyals, compared with a net income of 7.7 million riyals a year earlier. Loss per unit was 0.07 riyal, compared with an earnings per unit of 0.11 riyal previously. The real estate investment fund's total revenue was 33.5 million riyals, compared with 34.7 million riyals a year ago.