Al Rajhi REIT Distributes SR53.4 mln Cash Dividends to its Unit Owners for 1H

Al Rajhi Capital announced on Wednesday the distribution of cash dividend to the unit-holders of Al Rajhi REIT Fund for the period 1st Jan 2022 to 30th June 2022 as per following:

The company stated that the number of existing units on the basis of which cash dividends will be made is 161.8 million units, at SR0.33 per unit, and its ratio to the initial price of the unit is 3.3%.

It added that the dividends will be paid within (15) business days post the eligibility date.

It also added that the net asset value is based on Fair Value as of 31/12/2021. The eligibility of dividends shall be for unit-holders in the register per Tadawul records as of Thursday, 11/08/2022 (end of the trading day on Tuesday 09/08/2022). The dividend per unit = SR 0.33; dividend represents 3.3% of the par value.

It concluded that: “The fund manager wishes to remind the unit holders to update their bank accounts to ensure depositing the outstanding dividend to their accounts directly”.