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Albilad Sovereign Sukuk ETF announces dividends

Albilad Sovereign Sukuk ETF announces dividends
Dividends will be distributed at SAR 0.0674 per unit

Riyadh – Mubasher: Albilad Capital announced the distribution of cash dividends to the unitholders of Albilad Saudi Sovereign Sukuk ETF for April 2020.

The cash dividends stand at SAR 242,637, according to a statement to the Saudi Stock Exchange (Tadawul) on Monday.

At SAR 0.0674 per unit, dividends will be distributed to a total of 3.6 million existing units of the exchange-traded fund (ETF).

The dividends represent 0.67% of the unit’s initial price, and 0.66% of the fund’s net asset value as of 30 April 2020.

Eligibility of dividends will be for unitholders registered in the registers of the Securities Depository Center by the end of Thursday 30 April, the end of the trading day on 28 April 2020.

The distributions shall be paid within 10 business days post the eligibility date, the statement noted, adding that the dividends will be directly deposited to unitholders’ bank accounts.