Mulkia REIT to pay 0.8% cash dividend for Q4 2024

15/01/2025 Argaam Exclusive

Mulkia Investment Co. announced the distribution of cash dividend to unitholders of Mulkia Gulf Real Estate REIT (Mulkia REIT) at 0.8% of capital (SAR 0.08 per unit) from Oct. 1 until Dec. 31, 2024, according to a statement to Tadawul.

 

Dividend Details (Q4 2024)

 

Current Capital

SAR 1.03 bln

Number of Units

103.77 mln

Total Dividend

SAR 8.30 mln

Percentage of Capital

0.8% (SAR 0.08 per unit)

Record Date

Unitholders of record by the end of Jan. 28, 2025, and end of trading on Jan. 26, 2025

Payment Date

Within 35 business days from the record date

 

Total Dividend (2024)

Total Dividend

SAR 33.2 mln

Percentage of Capital

3.2% (SAR 0.32 a unit)

 

The dividend payout ratio is 0.93% of the net asset value (NAV) as of Dec. 31, 2024, the statement said.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
15/01/2025 26/01/2025 16/03/2025 8.30 0.08
17/10/2024 28/10/2024 21/11/2024 8.30 0.08
17/07/2024 28/07/2024 05/09/2024 8.30 0.08
21/04/2024 28/04/2024 30/05/2024 8.30 0.08
16/01/2024 25/01/2024 03/03/2024 10.38 0.10
16/10/2023 19/10/2023 16/11/2023 10.38 0.10
17/07/2023 18/07/2023 17/08/2023 10.38 0.10
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
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 1.23 9.88 12.40 %
Last 5 Financial years 2.20 9.90 22.23 %
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) 42.47
P/E Before Unusual Items (TTM) -
P/BV 0.71
Dividend Yield 6.37 %
Market Cap. (M) 558.26
Return on Average Assets 0.96 %
Return on Average Equity 1.65 %

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