SEDCO Capital Distributes SR 9.75 Dividends to SEDCO Capital REIT Fund Unitholders

Saudi Economic and Development Securities Company (SEDCO Capital) announced on Tuesday the distribution of cash dividends to the unit holders of SEDCO Capital REIT Fund for the period from 01 October 2021 to 31 December 2021.

The total distributed dividends are SR 9,750,000, as well as, the amount of dividends distributed is SR 0.1625 for each unit, and its percentage to the initial price of the unit is 1.625%, which translates to 6.50% on an annual basis. The distribution ratio is 1.81% of the net asset value as of the date of (30 / 06 / 2021).

The company indicated on (Tadawul) that the Cash distribution will be made on the basis of 60,000,000 outstanding units. Additionally, the distributions shall be paid within 60 days.

The Cash distribution entitlements to unit holders shall be based on the unit holder register on the end of Thursday dated (30 / 12 / 2021) – by the end of trading day Tuesday (28 / 12 / 2021).

The Fund Manager asked the unit holders to update their information with the Capital Market Institution, where their accounts are being held, to ensure the direct deposit of their due distributions, the company concluded.