Derayah REIT Fund’s board of directors has approved increasing the frequency of dividend distribution to four times a year, or once every quarter, Derayah Capital, the fund manager said in a statement.

 

The fund’s original policy stipulates the payment of semiannual cash dividend representing 90 percent of net profit.

 

The REIT will distribute the first dividend this year on May 1, as most properties have been vacated during the last two months after rent collection, the statement added.

 

Derayah REIT’s units will begin trading on Tadawul on Monday, March 26.

 

Cash Dividend Details

Distribution Date

Eligibility Date

Profit period

May 1

March 31

From Jan. 1 to March 31

August 1

June 30

From April 1 to June 30

November 1

September 30

From July 1 to Sept. 30

February 1

December 31

From Oct. 1 to Dec. 31

Comments 0

Be the first to comment

loader Train
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Market Indices

Created with Highstock 6.0.710:0012:0014:0015:008.208.408.608.80
Close : 8.30 | Mar 6, 15:12

Quotes

Created with Highstock 6.0.710:0012:0014:0015:008.208.408.608.80
Close : 8.30 | Mar 6, 15:12


Call Request

Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.

Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website