Alkhabeer to distribute $3.4m cash dividends to REIT investors
CONSTRUCTION NEWS
Alkhabeer Capital, a Saudi-based asset manager specialising in shari'a-compliant investments and financial services, is set to distribute cash dividends worth SR12.9 million ($3.4 million) to shareholders of its real estate investment trust (REIT) fund for the period from October 1 to December 31, 2021.
Each of eligible 103 million shares will be entitled to a dividend of SR0.125, with the percentage of dividend to the unit's initial price hitting 1.25%, said the company in its filing to the Saudi bourse Tadawul.
The eligibility of cash dividend will be to shareholders who own the company shares on the eligibility date (February 16), the statement added.
The cash dividends will be paid within 30 business days of the distribution entitlement date, it added.-TradeArabia News Service
