Al Maather REIT plans dividend for FY 2018

05/03/2019 Argaam

 

Al Maather REIT Fund will pay a 6.4 percent cash dividend for the fiscal year of 2018, at SAR 0.64 per unit, amounting to SAR 39.28 million, fund manager Osool & Bakheet Investment Co. said in a bourse statement.

 

 The dividend represents 6.41 percent from net assets based on the fair market value as of Dec. 31, 2018, the fund manager added.

 

Dividend Details (2018)

Fund size

SAR 613.7 mln

Number of units

61.37 mln

Dividend

SAR 39.28 mln

Percentage of capital

6.4% (SAR 0.64/unit)

Record date

March 14, 2019

Payment day

Within 15 days from record date

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