Musharaka REIT goes ex-dividend, Raydan Food ex-rights today

13/07/2021 Argaam

Tadawul trading screen

Units of Musharaka REIT Fund have their ex-dividend today, July 13.

 

Meanwhile, shares of Raydan Food Co. have their ex-rights today.

 

Earlier this month, Musharaka Capital announced the distribution of 3% cash dividend to Musharaka REIT unitholders for the first half of 2021, at SAR 0.30 per unit, amounting to SAR 26.40 million. The payment date will be within 15 business days from record date.

 

Raydan Food Co.’s shareholders are set to vote on a capital hike through a SAR 112.5 million rights issue, during the extraordinary general meeting (EGM) that will be held today.

 

The capital hike proceeds will be used to finance the company’s future plans and expansions, as well as inject fresh funds to finance working capital and boost operating capacity.

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