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Albilad Capital to pay SAR 285m dividends for July

Albilad Capital to pay SAR 285m dividends for July
The dividend amount represents 0.37% of the unit’s initial price

Riyadh – Mubasher: Albilad Capital will distribute cash dividends worth SAR 285.243 million to the unitholders of Albilad Saudi Sovereign Sukuk ETF, for July 2020.

The distributions will be to 7.8 million existing units, at SAR 0.0366 per unit, according to a bourse statement on Wednesday.

Moreover, the amount represents 0.37% of the unit’s initial price and 0.36% of the net asset value (NAV) as of 28 July 2020.

The dividends will be distributed to the unitholders registered in the records of the Securities Depository Center at the end of Tuesday, 28 July, the end of the trading day on 26 July. The distributions will be paid within 10 working days from the due date.