SEDCO Capital REIT Fund Distributed SR9.75 mln

The Saudi Economic and Development Securities Company (SEDCO Capital) announced the payment of cash dividends to SEDCO Capital REIT Fund unit holders for the period July 1, 2021 to September 30, 2021, totaling SR9,750,000.

Assuming the value of the profit disbursed is SR0.1625 per unit, and its proportion of the unit’s starting price is at 1.625 percent, or a 6.50 percent on an annual basis.

But, according to the most recent financial accounts as of Wednesday (20 Dhul-Qa’dah 1442 AH), the distribution ratio was 1.81 percent of the net asset value (30 June 2021 AD).

The cash dividends will be calculated based on the number of outstanding units, which shall be as much as 60,000,000 (sixty million outstanding units).

Dividends shall be paid out within 60 days of the due date as well.

Unit holders will be eligible for cash dividends, based on their records as of the end of Monday October 4, 2021 (i.e. at the end of trading on Thursday September 30, 2021).

The fund manager urged unit owners to update their information with the banks, where they have accounts, to ensure that their due profits are credited directly into their respective accounts.