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SEDCO Capital REIT Fund’s unitholders to get SAR 9m dividends

SEDCO Capital REIT Fund’s unitholders to get SAR 9m dividends
The dividend payout will be based on 60 million total outstanding units

Riyadh – Mubasher: The unitholders of SEDCO Capital REIT Fund, affiliated to Saudi Economic and Development Securities Company (SEDCO Capital), will receive a cash dividend of SAR 0.1525 per unit.

The distribution value stands at SAR 9.15 million, which will be for the three-month period starting 1 April until 30 June, according to a bourse filing on Sunday.

SEDCO Capital noted that the dividend payout will be based on 60 million total outstanding units. It added that the dividend represents 1.525% of the unit’s initial price, which accounts for 6.1% on an annual basis.