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An announcement of the distribution of cash dividends to Musharaka REIT fund unitholders

04 July 2021

An announcement of the distribution of cash dividends to Musharaka REIT fund unitholders

Musharaka Financial Company announces the distribution of cash dividends to the unit holders of Musharaka REIT Fund for the period from January 1, 2021, to June 30, 2021, as follows:

  1. Total distributed profits: SAR 26,400,000
  2. Number of units entitled to distributions: 88 million units
  3. Dividend per unit: SAR 0.30 (30 halalas), representing 3.0% of the initial unit price
  4. Distribution percentage: 2.99% of the net asset value as of 31/12/2020 (corresponding to 1442/05/16 Hijri)
  5. Eligibility for cash distributions: The distribution entitlement will be based on the unit holders’ register as of the end of Thursday, 15/07/2021 (1442/12/05 Hijri), with the last trading day being 13/07/2021 (1442/12/03 Hijri).
  6. Dividend distribution date: The dividends will be distributed within 15 working days from the entitlement date.

The fund manager would also like to remind unit holders to update their details with the banks holding their accounts to ensure that their entitled dividends are directly deposited into their accounts.