Musharaka REIT plans dividend for H1 2019

23/06/2019 Argaam

 

Musharaka REIT Fund will pay a 3.5 percent cash dividend for the first half of 2019, at SAR 0.35 per unit, amounting to SAR 30.8 million, the fund manager, Musharaka Capital, said in a bourse statement.

 

The dividend represents 3.6 percent from net assets based on the fair market value as of Dec. 31, 2018, the fund manager added.

 

            Dividend Details

Fund size

SAR 880 mln

Number of units

88 mln

Dividend

SAR 30.8 mln

Percentage of capital

3.5% (SAR 0.35/unit)

Record date

June 27, 2019

Payment day

Within 15 business days

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