Al Maather REIT distributes 3.3% cash dividend for H1 2024

11/08/2024 Argaam Exclusive

Osool & Bakheet Investment Co. announced the distribution of a 3.3% cash dividend to Al Maather REIT Fund unitholders for the six-month period ended on June 30, 2024, at SAR 0.33 per unit, according to a statement to Tadawul today, Aug. 11.

 

Dividend Details (H1 2024)

Fund size

SAR 613.7 mln

Number of units

61.37 mln

Dividend

SAR 20.25 mln

Percentage of capital

3.3% (SAR 0.33/unit)

Record date

Unitholders of record by the end of Aug. 15, 2024 (The close of trading on Aug. 13, 2024)

Payout date

Within 10 business days from the record date

 

The fund manager added that the dividend payout ratio is 3.93% of Al Maather REIT’s net asset value (NAV) as of June 30, 2024.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)		 Dividends * Notes
11/08/2024 13/08/2024 27/08/2024 20.25 0.33
14/03/2024 19/03/2024 29/03/2024 20.25 0.33
20/08/2023 22/08/2023 31/08/2023 19.02 0.31
13/03/2023 16/03/2023 30/03/2023 11.05 0.18
20/11/2022 24/11/2022 06/12/2022 27.00 0.44
07/03/2022 09/03/2022 20/03/2022 34.98 0.57
15/03/2021 16/03/2021 30/03/2021 23.93 0.39
17/03/2020 19/03/2020 30/03/2020 38.05 0.62
05/03/2019 14/03/2019 28/03/2019 39.28 0.64
14/03/2018 18/03/2018 01/04/2018 15.96 0.26
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 1.83 8.85 20.68 %
Last 5 Financial years 2.84 7.63 37.22 %
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

AL Maather REIT Fund
9.40
0.05 0.53 %

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Valuation Data (Latest Share Price)

P/E (TTM) 14.05
P/E Before Unusual Items (TTM) -
P/BV 1.12
Dividend Yield 6.86 %
Market Cap. (M) 576.88
Return on Average Assets 5.51 %
Return on Average Equity 7.97 %

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