Riyadh – Mubasher: NCB Capital announced the cash distributions to the unitholders of AlAhli real estate investment traded fund 1 (AlAhli REIT Fund1) for the six-month period ended 31 December 2018 at SAR 0.325 per unit, representing 3.2% of the net asset value of the fund.

The total value of distributed cash dividend amounted to SAR 44.69 million over 137.5 million units, according to the fund manager’s statement to the Saudi Stock Exchange (Tadawul) on Wednesday.

The unitholders who are eligible of dividends must be registered in the registers of the Securities Depository Center on 19 February (end of trading day on 17 February), the statement added.

Cash distributions will be paid within 10 business days after the eligibility date. 

The eligibility of dividends shall be for the unitholders registered in the registers of the Securities Depository Center by the end of Tuesday, 19 February, the statement added.

In August 2018, NCB Capital announced a cash dividend of SAR 44.7 million at SAR 0.325 per unit to the unitholders of AlAhli REIT Fund1 for the first half of 2018.

AlAhli REIT Fund1 was listed on the Saudi bourse on 8 January 2018 as part of the initial public offering (IPOs) of eight real estate investment traded funds.

The fund’s stock rose 0.79% to close at SAR 7.61 at Wednesday’s trading session.