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|16 July, 2018

Saudi's Mulkia announces $2.7mln dividends for REIT investors

The distribution ratio is 1.7% of net asset value as of June 30

A Saudi trader observes the stock market on monitors at Falcom stock exchange agency in Riyadh, Saudi Arabia February 7, 2018.

A Saudi trader observes the stock market on monitors at Falcom stock exchange agency in Riyadh, Saudi Arabia February 7, 2018.

REUTERS/Faisal Al Nasser
Saudi-based Mulkia Investment Company has announced distribution of dividends worth SR10.2 million ($2.7 million) to the shareholders of its real estate investment trust (REIT) fund, Mulkia Gulf Real Estate REIT, for the second quarter.

The distributed dividend for the April 1 to June 30 period is worth SR0.17 (17 halala per unit) which represents 1.7 per cent of the unit price at initial offering, said the company in its filing to Saudi bourse Tadawul.

The distribution ratio is 1.7 per cent of net asset value as of June 30, it added.-TradeArabia News Service

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