Riyadh – Saudi Economic and Development Securities Company (SEDCO Capital) announced that the distribution of cash dividends to SEDCO Capital REIT Fund unitholders will begin on Sunday 26 January.

The REIT fund manager recently announced the distribution of SAR 9.9 million in cash dividends for the October-December 2019 period to the 60 million existing units at SAR 0.165 per unit, which represents 1.65% of the initial price, which translates to 6.6% on an annual basis.

Dividends represent 1.67% of the net asset value according to the latest issued financial statements as of the end of June 2019, according to a statement to the Saudi Stock Exchange (Tadawul).


Source: Mubasher

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