SEDCO Capital to distribute SAR 9.9m dividends for Q3-19

SEDCO Capital to distribute SAR 9.9m dividends for Q3-19

The Saudi Economic and Development Securities Company (SEDCO Capital) will distribute a total value of SAR 9.900 million worth of cash dividends to SEDCO Capital REIT Fund unitholders for the period from 1 July 2019 to 30 September 2019.

Based on 60 million existing units, the distribution’s value amounts to SAR 0.165 per unit, equivalent to 1.65% of the initial price or 6.60% on an annual basis, according to a disclosure to the Saudi Stock Exchange (Tadawul) on Tuesday.
In addition, the dividends “represent 1.67% of the net asset value according to the latest issued financial statements as of Sunday, 30 June 2019.”

The distributions will be due to the unitholders of records by the end of Monday, 7 October 2019, whereas they will be paid within 30 days of the record date.

-Mubasher