Albilad Capital announces dividend policy for Albilad Saudi Sovereign Sukuk

16/03/2020 Argaam

Albilad Capital, the fund manager of Albilad Saudi Sovereign Sukuk ETF, announced the cash dividends distribution policy for the fund for the fiscal year 2020.

 

The company stated in a statement on Tadawul that it will distribute the cash surplus generated from the payments received from the sukuk during the month in the form of a cash dividend to unit holders registered in the unit holders register on the last business day of the month.

 

Dividends will be distributed within 10 business days after the end of the last working day of the month (the distribution date), it said, adding the fund manager will not distribute any cash dividends if no payments are received from the sukuk during the month.

 

Albilad Saudi Sovereign Sukuk ETF started trading as an index investment fund traded on Feb. 17, 2020.

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