25 Jun 2019

Saudi Economic and Development Securities Company (SEDCO Capital) announces the Distribution of Cash Dividend to SEDCO Capital REIT Fund Unitholders.

Saudi Economic and Development Securities Company (SEDCO Capital) announces the distribution of cash dividend to SEDCO Capital REIT Fund unitholders for the period from 01 April 2019 to 30 June 2019 as follows:

 

  1. Total dividend distribution SAR 9,900,000.
  2. Cash distribution will be based on 60,000,000 existing units.
  3. Dividend distribution amount is SAR 0.165 per unit, which represents 1.65% of the initial price, which translate to 6.60% on an annual basis.
  4. Dividend represents 1.64% of the net asset value as of Monday 31 December 2018.
  5. The entitlement of dividends shall be for the unitholders registered in the records of the Securities Depository Center by the end of Tuesday 2 July 2019 (end of trading day on 30 June 2019).
  6. The dividend will be paid within 30 days of the record date.

 

The Fund Manager wishes to remind the unitholders to update their bank accounts to ensure depositing the outstanding dividend to their accounts directly.

 

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SEDCO Capital