Musharaka REIT distributes 3% cash dividend for H2 2020

03/01/2021 Argaam Exclusive

Musharaka Capital announced the distribution of 3% cash dividend to Musharaka REIT Fund unit holders for the period from July 1 to Dec. 31, 2020, at SAR 0.30 per unit, amounting to SAR 26.40 million, according to a bourse statement. 

 

The dividend represents 2.93% of net assets based on the fair market value as of June 30, 2020, the fund manager added

Dividend Details (H2 2020)

Fund size

SAR 880 mln

Number of units

88 mln

Dividend

SAR 26.40 mln

Percentage of capital

3% (SAR 0.30/unit)

Record date

Jan. 12, 2021

Payment day

Within 15 business days from record date

 

Dividend for FY2020

Total dividend

SAR 57.20 mln

Percentage of capital

6.5%

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5.00
0.01 0.20 %

Valuation Data (Latest Share Price)

P/E (TTM) NEG
P/E Before Unusual Items (TTM) -
P/BV 0.58
Dividend Yield 2.94 %
Market Cap. (M) 440.00
Return on Average Assets (1.45 %)
Return on Average Equity (3.02 %)

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