The Clap
Osool and Bakheet Investment will distribute cash dividends to the unit holders of the “Al Maather REIT Fund” (4334) for the nine months ending September 30th.
What
The total profits distributed are around SAR 27 million to around 61.37 million shares.
The company stated that the value of the profit distributed per unit is SAR 0.44, 5.24% of the net asset value.
So What
Al Maather REIT Fund aims to invest in real estate inside KSA that can generate income from rent, distributing at least 90% of the fund’s net profits annually.
Now What
The eligibility for cash dividends will be for all unit holders before November 28 and payment will be made within 10 days from the date of eligibility.
