Dubai
Highlights
◆ Interim dividend announced of USD 11.98 million or USD 0.04 per share representing annualised dividend yield of 7.7%
◆ NAV was at USD 1.7425 per share at 30 November 2017
◆ USD 400 million 5-year Sukuk closed on 12 December 2017
◆ Following the Sukuk issuance all previous outstanding debt has been fully repaid
Interim Dividend Payment of USD 0.04 per share
Emirates REIT (CEIC) Limited (“Emirates REIT” or the “REIT”), the world’s largest Shari’a compliant Real Estate Investment Trust, today announced its intention to pay an interim dividend in relation to the six month period ended 30 June 2017 of USD 11.98 million or USD 0.04 per ordinary share.
To be entitled to receive the dividend, shareholders must own the shares and be on the register at market close on 22 January 2018.
Based on the REIT’s market closing price of USD 1.042 per share on Tuesday 9 January 2018, this represents an annualized dividend yield of 7.7%.
The interim dividend, to be paid on or before 31 January 2018, is the first dividend payment relating to the financial year 2017 (FY2017). Emirates REIT intends to continue to distribute dividends to its shareholders twice a year.
Net asset value as at 30 November 2017
◆The Net Asset Value has increased to USD 1.7425 per share.
◆The total Net Asset Value stands at USD 522 million (AED 1.9 billion).
◆The Portfolio Value increased to USD 848 million (AED 3.1 billion).
Emirates REIT would also like to take this opportunity to inform its shareholders that following the successful launch and listing of the Sukuk, all previously outstanding debt financing was successfully repaid and the REIT currently has no debt other than the Sukuk proceeds.
-Ends-
© Press Release 2018
