Musharaka distributes 3.5% cash dividend for Musharaka REIT for H1 2020

02/07/2020 Argaam Exclusive

Musharaka Capital Co. announced the distribution of cash dividend to Musharaka REIT Fund unit holders for the period starting Jan. 1, 2020 to June 30, at SAR 0.35 per unit, or 3.5% initial price per unit, it said in a bourse statement.

Dividend details (H1 2020)

Current Capital

SAR 880 mln

Number of units

88 mln

Dividend

SAR 30.8 mln

Percentage of capital

3.5% (equivalent to SAR 0.35 per unit)

Record date

July 9, 2020 (Registered with the Securities Depository Center at the end of July 13, 2020)

Payment date

15 working days

The distribution percentage is 3.39% of the net asset value as of Dec. 31, 2019, the statement also added.

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Valuation Data (Latest Share Price)

P/E (TTM) NEG
P/E Before Unusual Items (TTM) -
P/BV 0.56
Dividend Yield 2.94 %
Market Cap. (M) 440.88
Return on Average Assets (0.51 %)
Return on Average Equity (1.04 %)

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