News

SNB Capital Company announces the distribution of cash dividends to AlAhli REIT Fund (1) unitholders

1
Published: 25 Aug 2024

SNB Capital Company announces the distribution of cash dividends to the Unitholders of the AlAhli REIT Fund (1) for the period from 1 January 2024G to 30 June 2024G as follows:

 

Total cash distribution is SAR 34,375,000;

 

The distributions will be based on 137,500,000 existing units;

 

The distribution amount is SAR 0.250 per unit and its percentage of the unit initial price is 2.50%;

 

The distribution percentage is 2.49% of the net asset value (based on fair value) of the Fund as of 24 Dhul-Hijjah 1445H corresponding to  30 June 2024G;

 

The eligibility for dividends shall be for unitholders registered in the registers of the Securities Depository Center by the end of on Thursday, 5 September 2024G (end of trading day on Tuesday, 3 September 2024G).

 

Distributions shall be paid within 30 business days post eligibility date.

 

The Fund Manager would like to remind entitled Unitholders to update their information with Capital Market Institution, where their accounts are being held in order to ensure depositing the outstanding distribution to their accounts directly.