Osool & Bakheet announces record date for Al Maather REIT dividend

Osool & Bakheet Investment Co., the manager of Al Maather REIT Fund, has announced the record date for the previously declared dividend for unitholders.

Unitholders— who are in the shareholders book by the closing of Tuesday, March 20, 2018— including those registered at the Securities Depository Center two business days before this date, are eligible to receive the dividend, the fund manager said in a statement to Tadawul.

Last month, Osool & Bakheet said that it would pay a cash dividend of 2.6 percent, or SAR 0.26 per unit, totaling SAR 16 million to Al Maather REIT Fund unitholders for 4.63 months, starting from the date of asset transfer to the fund until Dec. 31, 2017, according to data compiled by Argaam.