Saudi Fransi Capital to pay REIT dividends

The distributions will be to 51mln existing units

  
A Saudi trader monitors stocks at the Saudi stock market in Riyadh, Saudi Arabia, January 8, 2020.

A Saudi trader monitors stocks at the Saudi stock market in Riyadh, Saudi Arabia, January 8, 2020.

REUTERS/Ahmed Yosri

Riyadh – Mubasher: Saudi Fransi Capital will distribute SAR 8.16 million in cash dividends to Taleem REIT Fund unitholders for the fourth quarter (Q4) of 2020.

The distributions will be to 51 million existing units at SAR 0.16 per unit, according to a stock exchange statement on Sunday.

Furthermore, they represent 1.6% of the unit’s initial price and 1.54% of the net asset value (NAV) as of 30 June 2020.

Eligibility of dividends will be to the unitholders as per the unitholders’ registry at the end of 21 January 2021. The distributions will be paid within 15 business days from the maturity date.

Source: Mubasher

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