Al Rajhi REIT distributes 2.8% cash dividend for H2 2020

01/02/2021 Argaam Exclusive

Al Rajhi Capital announced the distribution of 2.8% cash dividend to Al Rajhi REIT Fund’s unit holders for the second half of 2020, at SAR 0.28 per unit, amounting to SAR 45.32 million, according to a bourse statement.

Dividend Details (H2 2020)

Fund size

SAR 1.618 bln

Number of units

161.86 mln

Dividend

SAR 45.32 mln

Percentage of capital

2.8% (SAR 0.28/unit)

Record date

Feb. 9, 2021 (Unit holders registered in record on Feb. 11, 2021)

Payment day

Within 15 business days from record date

 

Dividend details (FY2020)

 

 

Dividend

SAR 90.64 mln

 

 

Percentage of capital

5.6% (equivalent to SAR 0.56 per unit)

 

The distribution percentage stood at 2.86% of net asset value (NAV) as of June 30, 2020, the statement also added.

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Valuation Data (Latest Share Price)

P/E (TTM) 16.45
P/E Before Unusual Items (TTM) -
P/BV 1.06
Dividend Yield 4.83 %
Market Cap. (M) 2,353.69
Return on Average Assets 4.55 %
Return on Average Equity 8.43 %

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