Al Rajhi REIT pays 1.3% dividend for Q2 2024

31/07/2024 Argaam Exclusive

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Al Rajhi Capital announced paying a 1.3% cash dividend, or SAR 0.13 per unit, to Al Rajhi REIT Fund’s unitholders for the three-month period ended June 30, 2024, as shown in the following table:

 

Dividend Details (Q2 2024)

Capital

SAR 2.75 bln

Number of Units

275.61 mln

Total Dividend

SAR 35.83 mln

Percentage of Capital

1.3% (SAR 0.13 per unit)

Record Date

Aug. 8, 2024 (Unitholders of record by the close of Aug. 12, 2024)

Payout Date

Aug. 29, 2024

 

Total Dividend (H1 2024)

Total Dividend

SAR 73.04 mln

Percentage of Capital

2.65% (SAR 0.265 per unit)

 

The payout ratio stands at 1.54% of Al Rajhi REIT’s net asset value as of Dec. 31, 2023, the fund manager said in a statement to Tadawul today, July 31.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)		 Dividends * Notes
31/07/2024 08/08/2024 29/08/2024 35.83 0.13
01/05/2024 07/05/2024 30/05/2024 37.21 0.14
31/01/2024 08/02/2024 29/02/2024 38.59 0.14
06/11/2023 16/11/2023 14/12/2023 35.83 0.13
02/07/2023 05/07/2023 30/07/2023 19.42 0.12
03/05/2023 11/05/2023 22/05/2023 24.28 0.15
06/02/2023 12/02/2023 26/02/2023 53.41 0.33
03/08/2022 09/08/2022 28/08/2022 53.41 0.33
01/02/2022 08/02/2022 27/02/2022 45.32 0.28
05/08/2021 10/08/2021 26/08/2021 45.32 0.28
Historical dividend per share adjusted for the effect of capital changes and bonus shares, if any

Dividend History

Consolidated cash dividend Cash dividend per share (SAR) * The stock price at the beginning of the period (SAR) Return on the base price
Last 3 Financial years 1.63 11.00 14.85 %
Last 5 Financial years 2.75 9.66 28.50 %
Last 10 Financial years N/A N/A N/A
Based on the beginning of the period (January 1 of the base year)

Historical Dividends


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Al Rajhi REIT Fund
8.20
(0.20) (2.38 %)

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Valuation Data (Latest Share Price)

P/E (TTM) 12.07
P/E Before Unusual Items (TTM) -
P/BV 1.00
Dividend Yield 6.52 %
Market Cap. (M) 2,259.98
Return on Average Assets 5.92 %
Return on Average Equity 8.39 %

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