ividends represent 1.65% of the initial price

Riyadh – Mubasher: The Saudi Economic and Development Securities Company (SEDCO Capital) announced the distribution of SAR 9 million in cash dividends to SEDCO Capital REIT Fund unitholders.

The dividends are for the period from the beginning of October to the end of December 2019, according to a statement to the Saudi Stock Exchange (Tadawul).

The cash distribution will be based on 60 million existing units at SAR 0.165 per unit, which represents 1.65% of the initial price, which translate to 6.6% on an annual basis.

Dividends represent 1.67% of the net asset value according to the latest issued financial statements.

Eligibility of dividends will be for the unitholders registered in the records of the Securities Depository Center by the end of Thursday 2 January 2020, end of trading day on Tuesday 31 December 2019, with the payment set to take place within 30 days of the record date.


Source: Mubasher

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