Al Rajhi REIT Fund updates terms, conditions

08/12/2022 Argaam

Al Rajhi Capital announced updating the terms and conditions of Al Rajhi REIT Fund, effective as of today, Dec. 8, the fund manager announced in a statement to Tadawul.

 

The update includes changing the cash dividend distribution policy from semi-annual, paid at the end of February and August, to quarterly cash dividends for the financial periods ending in March, June, September and December. Accordingly, cash dividend payments will be made during the following quarter, starting from Q1 2023.

 

In addition, cash dividends will be distributed at the end of February 2023 for the half year ending in 2022.

 

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