Al Rajhi REIT pays 1.4% dividend for Q3 2024

30/10/2024 Argaam Exclusive

Al Rajhi Capital announced paying a cash dividend at 1.4% of capital, or SAR 0.14 per unit, to Al Rajhi REIT Fund’s unitholders for the three-month period ended Sept 30, 2024, as shown in the following table:

 

Dividend Details (Q3 2024)

Capital

SAR 2.75 bln

Number of Units

275.61 mln

Total Dividend

SAR 38.59 mln

Percentage of Capital

1.4% (SAR 0.14 per unit)

Record Date

Nov. 11, 2024 (Unitholders of record by the close of Nov. 7, 2024)

Payout Date

Nov. 28, 2024

 

Total Dividend (9M 2024)

Total Dividend

SAR 111.63 mln

Percentage of Capital

4.05% (SAR 0.405 per unit)

 

The payout ratio stands at 1.65% of Al Rajhi REIT’s net asset value as of June 30, 2024, the fund manager said in a statement to Tadawul today, Oct. 30.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)		 Dividends * Notes
30/10/2024 07/11/2024 28/11/2024 38.59 0.14
31/07/2024 08/08/2024 29/08/2024 35.83 0.13
01/05/2024 07/05/2024 30/05/2024 37.21 0.14
31/01/2024 08/02/2024 29/02/2024 38.59 0.14
06/11/2023 16/11/2023 14/12/2023 35.83 0.13
02/07/2023 05/07/2023 30/07/2023 19.42 0.12
03/05/2023 11/05/2023 22/05/2023 24.28 0.15
06/02/2023 12/02/2023 26/02/2023 53.41 0.33
03/08/2022 09/08/2022 28/08/2022 53.41 0.33
01/02/2022 08/02/2022 27/02/2022 45.32 0.28
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 1.65 9.70 17.00 %
Last 5 Financial years 2.66 8.29 32.09 %
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 Rajhi REIT Fund
8.54
0.13 1.55 %

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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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