Musharaka Distributes SR26.4 mln Profits for 2H to Unit Owners

Musharaka Capital Company announced on Sunday distributing cash dividends for 2H  to the Musharaka REIT Fund shareholders (to its unit owners) for the period from July 01 to December 31, 2021. The total distributed dividends are 26,400,000.

The amount of dividends distributed for each unit SR 0.30. The percentage of dividend to the unit’s initial price (%) is 3 %. The percentage of distribution ratio of the Net Assets Value (%) is 3.03 %. The percentage of distribution ratio of the net assets as of 30.06.2021.

The company said in a statement on Sunday that the number of outstanding units on which cash dividends will be distributed is 88000000. The profit distribution date will be within 15 working days after the due date.

The dividend distributions will be due to the shareholders according to the registration of the share ownership at the end of Monday on 31.01.2022 (the end of the trading day on 27.01.2022). The cash distributions entitlement will be for unitholders as per the unitholders register on the end of 31.01.2022.

The Fund Manager wanted to clarify that dividends are calculated after deducting the Zakat provision for the year 2021. Also the fund manager wanted to remind the shareholders to update their bank account to ensure that their due profits are deposited directly into their accounts, the company concluded.