Al Jazira REIT to distribute 3% dividends for 12M

The cash dividend distribution stands at 4.7% of the net asset value

  
Saudi traders are seen as they monitor stock information at the Saudi stock market in Riyadh, Saudi Arabia August 25, 2020. Image used for illustrator purpose

Saudi traders are seen as they monitor stock information at the Saudi stock market in Riyadh, Saudi Arabia August 25, 2020. Image used for illustrator purpose

REUTERS/Ahmed Yosri

Riyadh - Mubasher: Al Jazira Capital Markets company has announced a cash dividend distribution to the unitholders of Al Jazira REIT, equivalent to 3.38% of the unit's initial price or SAR 0.338 for each unit, for the second half (H2) of 2020 and the first half (H1) of 2021.

The cash dividend distribution stands at 4.7% of the net asset value, aggregating at a total value of SAR 4 million, according to a bourse filing on Sunday.

The dividends will be distributed over 11.8 million outstanding units.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2021 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Equities