Mulkia Gulf Real Estate REIT to pay 1.3% cash dividend for Q1 2023

11/04/2023 Argaam Exclusive

Mulkia Gulf Real Estate REIT will pay a cash dividend at 1.3%, or SAR 0.13 a unit, to unitholders for the period from Jan. 1 to March 31, 2023, fund manager Mulkia Investment Co. said in a statement to the Saudi Exchange (Tadawul).

Dividend Details (Q1 2023) 

Capital 

SAR 681.1 mln 

Number of Units 

68.11 mln 

Total Dividend 

SAR 8.85 mln 

Percentage of Capital 

1.3% (SAR 0.13 a unit) 

Record Date 

April 13, 2023 (Unitholders of record by the end of April 17, 2023) 

Payment Date 

As of May 8, 2023

The payout ratio of net asset value (NAV) reached 1.35% as of March 31, 2023.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
11/04/2023 13/04/2023 08/05/2023 8.85 0.13
18/01/2023 29/01/2023 13/02/2023 8.85 0.13
17/10/2022 23/10/2022 03/11/2022 8.85 0.13
18/07/2022 24/07/2022 04/08/2022 8.85 0.13
17/04/2022 10/05/2022 22/05/2022 8.85 0.13
17/01/2022 24/01/2022 03/02/2022 12.26 0.18
10/10/2021 12/10/2021 24/10/2021 8.85 0.13
13/07/2021 27/07/2021 05/08/2021 8.85 0.13
13/04/2021 15/04/2021 29/04/2021 8.85 0.13
18/01/2021 20/01/2021 08/02/2021 6.81 0.10
Historical dividend per share adjusted for the effect of capital changes and bonus shares, if any

Dividend History

Consolidated cash dividend Cash dividend per share (SAR) * The stock price at the beginning of the period (SAR) Return on the base price
Last 3 Financial years 1.48 9.00 16.39 %
Last 5 Financial years 2.56 8.12 31.54 %
Last 10 Financial years N/A N/A N/A
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM) 42.40
P/E Before Unusual Items (TTM) -
P/BV 0.71
Dividend Yield 6.37 %
Market Cap. (M) 557.22
Return on Average Assets 0.96 %
Return on Average Equity 1.65 %

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