Logo of Alwaha REIT Fund
Wasatah Capital announced the distribution of a cash dividend at 3.5% of capital, or SAR 0.35 per unit, to unitholders of Alwaha REIT Fund for the second half of 2024, according to a statement to Tadawul.
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Dividend Details |
|
|
Current Capital |
SAR 150 mln |
|
Number of Units |
15 mln |
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Total Dividend |
SAR 5.25 mln |
|
Dividend per Unit |
3.5% (SAR 0.35 per unit) |
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Record Date |
Feb. 24, 2025 (Unitholders of record by the end of Feb. 26, 2025) |
|
Payment Date |
Within 15 business days |
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Total Dividends for 2024 |
|
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Total Dividends |
SAR 10.5 mln |
|
Percentage of Nominal Value |
7% (SAR 0.7/unit) |
The payout ratio stands at 2.74% of the fund’s net asset value (NAV) as of Dec. 31, 2024, the statement added.
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