Alkhabeer REIT plans dividend for Q2 2019

31/07/2019 Argaam

Alkhabeer REIT Fund will pay a 2.26 percent cash dividend for the period from March 20, 2019 until June 30, 2019, at SAR 0.226 per unit, amounting to SAR 15.02 million, the fund manager, Alkhabeer Capital, said in a bourse statement.

 

The dividend represents 2.206 percent from net assets based on the fair market value as of June 30, 2019, the fund manager added.

 

The planned distribution is the first dividend since the fund’s listing in Tadawul on March 20, 2019, according to data compiled by Argaam.

 

Dividend Details

Fund size

SAR 664.42 mln

Number of units

66.44 mln

Dividend

SAR 15.02 mln

Percentage of capital

2.26% (SAR 0.226/unit)

Record date

August 18, 2019

Payment day

Within 30 business days from record date

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