AI Summary
Jadwa REIT Al Haramain Fund will pay unitholders a cash dividend at 2.4%, or SAR 0.24 a unit, for H2 2024 and H1 2025, fund manager Jadwa Investment Co. said in a statement to Tadawul today, Aug. 3.
|
Dividend Details (H2 2024- H1 2025) |
|
|
Fund Capital |
SAR 660 mln |
|
Number of Units |
66 mln |
|
Total Dividend |
SAR 15.84 mln |
|
Percentage of Capital |
2.4% (SAR 0.24 per unit) |
|
Record Date |
Aug. 10, 2025, including unitholders of record by the end of Aug. 12, 2025 |
|
Payment Date |
Within 20 working days from the record date |
The dividend represents nearly 3.17% of Jadwa REIT Al Haramain’s net asset value (NAV) as of Dec. 31, 2024, the fund manager added.
The fund’s real estate assets are primarily concentrated in the Makkah region and consist mainly of hotel properties operated under operating agreements. Accordingly, the fund’s financial performance and consequently its distributions depend on the operating income generated during the Umrah season (Ramadan) and the Hajj season (Dhul Hijjah), the statement added.erating agreements. Accordingly, the fund’s financial performance and consequently its distributions depend on the operating income generated during the Umrah season (in Ramadan) and the Hajj season (in Dhul Hijjah), the statement added.
Since these peak seasons currently fall within the first half of the calendar year, the operating revenues during this period are naturally higher than in other periods of the year. Accordingly, seasonal and non-seasonal cycles directly influence the cash flows generated by the fund's assets.
The fund manager is taking these seasonal factors into account when determining semi-annual profit distributions, in line with the distribution policy outlined in the fund’s terms and conditions.
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 03/08/2025 | 10/08/2025 | 07/09/2025 | 2.64 | 0.04 | |
| 03/08/2025 | 10/08/2025 | 07/09/2025 | 13.20 | 0.20 | |
| 18/08/2024 | 25/08/2024 | 22/09/2024 | 13.20 | 0.20 | |
| 20/02/2024 | 29/02/2024 | 28/03/2024 | 8.58 | 0.13 | |
| 10/03/2020 | 16/03/2020 | 06/04/2020 | 13.20 | 0.20 | |
| 10/07/2019 | 17/07/2019 | 06/08/2019 | 17.16 | 0.26 | |
| 18/02/2019 | 24/02/2019 | 14/03/2019 | 18.48 | 0.28 | |
| 23/07/2018 | 26/07/2018 | 28/08/2018 | 18.48 | 0.28 | |
| 02/01/2018 | 09/01/2018 | 24/01/2018 | 17.16 | 0.26 | |
| 20/08/2017 | 24/08/2017 | 08/10/2017 | 6.60 | 0.10 |
| Consolidated cash dividend | Cash dividend per share (SAR) | * The stock price at the beginning of the period (SAR) | Return on the base price |
|---|---|---|---|
| Last 3 Financial years | 0.37 | 8.01 | 4.62 % |
| Last 5 Financial years | 0.37 | 8.13 | 4.55 % |
| Last 10 Financial years | N/A | N/A | N/A |
| P/E (TTM) | 9.41 |
| P/E Before Unusual Items (TTM) | - |
| P/BV | 0.66 |
| Dividend Yield | 4.03 % |
| Market Cap. (M) | 347.16 |
| Return on Average Assets | 4.94 % |
| Return on Average Equity | 7.13 % |
Be the first to comment
Comments Analysis: