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SEDCO Capital to pay SAR 9m REIT dividends for Q2

SEDCO Capital to pay SAR 9m REIT dividends for Q2
The dividend amount represents 1.525% of the unit’s initial price

Riyadh – Mubasher: The Saudi Economic and Development Securities Company (SEDCO Capital) will distribute cash dividends of SAR 9.15 million to SEDCO Capital REIT Fund unitholders for the period from 1 April 2020 to 30 June.

The distribution will be to 60 million existing units, at SAR 0.152 per unit, according to a statement to the Saudi Stock Exchange (Tadawul) on Thursday.

Moreover, the amount represents 1.525% of the unit’s initial price, which translates to 6.10% on a yearly basis. It also represents 1.55% of the net asset value (NAV) as per the latest financial statements issued on 31 December 2019.

Eligibility of dividends will be to the unitholders registered in the records of the Securities Depository Center by the end of Wednesday 08 July 2020, the end of the trading day on 6 July, while the distribution will be within 60 working days from the due date.