Musharaka REIT declares 3.5% dividend for 6 months

26/02/2018 Argaam

Musharaka REIT Fund said it will pay a 3.5 percent cash dividend for the first six months of operations, starting from Aug. 17, 2017.

 

The dividend will be issued at SAR 0.35 per unit, amounting to SAR 30.8 million.

 

This is the first dividend to be paid by the REIT since listing on the Saudi Stock Exchange in October 2017.

 

Cash Dividend Details (6 months)

Current Capital

SAR 880 mln

Number of units

88 mln

Cash dividend

SAR 30.8 mln

Percent capital

3.5% (SAR 0.35 per share)

Record date

March 1, 2018

Payment date

To be determined

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