Jadwa offers $5m cash dividends to Saudi REIT investors

Spread the info

Time: July 24, 2018

Jadwa Investment, a leading investment management and advisory firm in Saudi Arabia, has announced plans to distribute cash dividends worth SR18.5 million ($4.92 million) to the unit holders of its REIT AlHaramain Fund.

The dividend distribution amount is SR0.28 per unit, which represents 2.8 per cent of the initial price, said the company in its filing to Saudi bourse Tadawul.

According to Jadwa, the dividend represents 2.58 per cent of the net assets value as of June 30, 2018.

The cash dividends, being given to the REIT AlHaramain Fund investors, are for the first half of 2018 and are based on 66 million existing units. The entire amount will be distributed to the unit holders by August 20, it added.

This article was first published in Trade Arabia

If you want more interesting news or videos of this website click on this link Trade Arabia Home


Spread the info