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Taleem REIT to pay SAR 8.2m dividends for Q3

Taleem REIT to pay SAR 8.2m dividends for Q3
The dividend amount represents 1.6% of the unit’s initial price.
TALEEM REIT
4333
-0.18% 10.92 -0.02

Riyadh – Mubasher: Saudi Fransi Capital announced the distribution of SAR 8.160 million in cash dividend to Taleem REIT Fund unitholders for the third quarter (Q3) of 2020.

The distributions will be to 51 million existing units, at SAR 0.16 per unit, according to a filing to the Saudi bourse on Wednesday.

Moreover, the dividend amount represents 1.6% of the unit’s initial price and 1.54% of the net asset value (NAV) as of 30 June 2020.

Eligibility of dividends will be to the unitholders registered in the Securities Depository Center Company's (Edaa) register at the end of Tuesday, 13 October, end of trading day on 11 October 2020.

The amount will be paid within 15 business days.