Saudi news

Distributing 21.3 million riyals to SEDCO Capital REIT unit owners for the fourth quarter of 2022

The Saudi Economic and Development Securities Company “SEDCO Capital” announced the distribution of cash dividends to the unit holders of the “SEDCO Capital REIT” fund for the period from October 1 to December 31, 2022, with a total value.

The company said in a statement on “Tadawul Saudi Arabia”, today, Sunday, that the number of existing units on the basis of which cash distributions will be made amounts to 117.5 million units.

She added that the value of the profit distributed per unit is 0.181 riyals, and the distribution percentage of the net asset value is 2.05%.

She explained that the eligibility for cash dividends is for unitholders, according to the register of unitholders at the end of January 2, 2023, and the dividends will be paid within 60 days from the due date.

It is noteworthy that the value of the distributed profit amounts to 0.18125 Saudi riyals per unit, and its ratio to the initial price of the unit is 1.8125%, equivalent to 7.25% on an annual basis.

The fund manager called on the unit holders to update their data with the financial market institutions in which their accounts are held, to ensure that their due profits are deposited directly in their accounts.

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