Mulkia REIT Distributes SR12.2 mln Profits to its Unit Owners for 4Q

Mulkia Investment Company announced on Monday the distribution of cash dividend to Mulkia Gulf Real Estate REIT Fund Unitholders for the period from 01.10.2021 to 31.12.2021.

The total distributed dividends are SR 12,259,557.363.The amount of dividends distributed for each unit (SR) is 0.18. The percentage of dividend to the unit’s initial price (%) is 1.80 %. The percentage of distribution ratio of the net assets value (%) is 1.80 %.

The company said on statement on Tadawul on Monday that number of outstanding units on which cash dividends will be distributed is 68108652. The percentage of distribution ratio of the net assets as of 2021-12-31.

The company added that the eligibility of dividends shall be for the unit holders registered in the registers of the Securities Depository Center by the end of Wednesday 26.01.2022 (end of Monday trading day 24.01.2022. The cash distributions entitlement will be for unitholders as per the unitholders register on the end of 2022-01-26. The dividends will be paid within 15 business days post the eligibility date

The fund manager clarify to the unitholders that the distributions for this quarter were made based on the expected income and cashflow of the fund for the year 2021 and the cash available within the fund at time of distribution.

The increase in distributions for this quarter compared to the previous quarters is a result of the availability of cash surplus in the fund during the last quarter of the year.

The Fund Manager also would like to remind the Unitholders to update their financial institution account information in order to ensure depositing the outstanding distribution to their accounts directly, the company concluded.