Announcement by Saudi Economic and Development Securities Company (SEDCO Capital) Regarding the Distributions of Fund’s Dividends to the Unitholders of SEDCO Capital REIT Fund
Saudi Economic and Development Securities Company (SEDCO Capital) announces the distribution of cash dividends to the unitholders of SEDCO Capital REIT Fund for the period from 01 April 2024 to 30 June 2024 as follows:
Dividends maturity period 01 April 2024 to 30 June 2024
Total distributed dividends 23,368,056 SAR
Number of Outstanding Units on which Cash Distributions will be Distributed 186,944,444
Amount of Dividends Distributed per Unit 0.125 SAR
Distribution Ratio of the Net Assets Value (%) 1.44
Distribution Ratio of the Net Assets Value as of 18-06-1445 Corresponding to 31-12-2023
Cash Distribution Entitlements to Unitholders Shall be Based on the Unitholder Register By the end of Monday on 09-01-1446H Corresponding to 15-07-2024G.
Distributions shall be paid within 60 days.
Additional Information;
which translates to 5.00%on an annualized basis.
The eligibility for cash dividends will be for unitholders, according to the unitholders’ register, at the end of Monday, Muharram 9, 1446H, corresponding to July 15, 2024 G, and the end of trading on Thursday, Muharram 5, 1446H, corresponding to July 11, 2024G.
The actual distribution of cash dividend will start on Safar 18, 1446H, corresponding to August 22, 2024G.
The Fund Manager would like to remind the unitholders to update their information with the Capital Market Institution, where their accounts are being held, to ensure the direct deposit of their due distributions.