23 Mar, 2025
Appended Announcement from Musharaka Capital Company regarding Musharaka Capital announcement of dividend distribution of Musharaka REIT Fund for for the period from July 01 to December 31,2024
Date of the Previous Announcement
17-09-2025 H Corresponding 17-03-2025 G
URL of the Previous Announcement
Announcement Details Musharaka Capital Company announces distribution cash dividends to the Musharaka REIT Fund shareholders for the period from July 01 to December 31,2024 - Musharaka Capital Company announces distribution c...
Subject of change
Further to the announcement of Musharaka Capital on 17-09-1446H corresponding to 17-03-2025G regarding the distribution of cash dividends to unitholders of Musharaka REIT Fund for the period from 01-07-2024G to 31-12-2024G at the rate of 0.139 Riyal per unit, the Fund Manager would like to inform that Edaa system for cash dividends allows only the addition of two decimal places after the comma, and accordingly, the Board of Directors of the Fund decided to approve the increase in distributions to be as follows:
1- Type of distribution: Cash dividends
2- Dividends maturity period: The dividend distributions will be due to the shareholders according to the registration of the share ownership at the end of Wednesday on 26/03/2025 (The end of the trading day 24/03/2025 corresponding to 1446/09/24).
3- Total Distributed dividends: The total distributed profits are 12,320,000 Saudi riyals.
4- Number of outstanding units on which cash dividends will be distributed: 88 million units.
5- The amount of dividends distributed for each unit (SAR): 0.14
6- Percentage of dividend to the unit’s initial price: 1.4%.
7- Percentage of distribution ratio of the Net Assets Value (%): 1.6%
8- Percentage of distribution ratio of the Net Assets as of: 30/06/2024 Corresponding to 1445/12/24.
9- The cash distributions entitlement will be for unitholders as per the unitholders register on the end of: 26/03/2025 Corresponding to 1446/09/26.
10- Dividends Payment Date: The profit distribution date will be within 30 working days after the due date.
11- Additional Information: The fund manager would like to remind the shareholders to update their bank account to ensure that their due profits are deposited directly into their accounts.
The Impact Caused by the Change
Increase the total Amount of dividends to be 12,320,000 SAR instead of 12,250,850 SAR
