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Riyad REIT proposes SAR 13m dividends for H1-17

Riyad REIT proposes SAR 13m dividends for H1-17
(Photo Credit: Arabianeye-Reuters)

Riyadh – Mubasher: Riyad REIT’s board recommended the distribution of cash dividends for the first half of 2017.

The fund would pay dividends at SAR 0.26 per share, totalling SAR 13 million and representing 2.6% of the nominal value, according to a bourse statement on Monday.

The eligibility of dividends shall be for the shareholders registered in the Securities Depository Center at the end of trades on the following day of the eligibility date on 15 June.

The date of distribution will be announced later, the statement said.