Cash dividends are for the first half of 2018
Jadwa Investment, a leading investment management and advisory firm in Saudi Arabia, has announced plans to distribute cash dividends worth $4.92 million to the unit holders of its REIT AlHaramain Fund.
In a filing to Saudi bourse Tadawul, the firm said that the dividend distribution amount is SR0.28 per unit, which represents 2.8% of the initial price. The dividend represents 2.58% of the net assets value as of June 30,2018, Jadwa added.
The cash dividends being given to the REIT AlHaramain Fund investors are for the first half of the year, the firm said, adding that the dividends are based on 66 million existing units. The entire amount will be distributed to unit holders by August 20, 2018.