Announcements
Jadwa Investment Announces the Distribution of Cash Dividend to Jadwa REIT Al Haramain Fund’s Unit Holders
Tue, 10 March 2020
Jadwa Investment announces the distribution of cash dividend to Jadwa REIT Al Haramain Fund’s unit holders for the second half of 2019 as follows:
1. Total dividend distribution SAR 13,200,000.
2. Cash distribution will be based on 66,000,000 existing units
3. Dividend distribution amount is SAR 0.20 per unit, which represents 2.00% of the initial price
4. Dividend represents 1.85% of the Net Assets Value as of Sunday 27/10/1440H corresponding 30/06/2019G.
5. The eligibility of dividends shall be for the unit holders registered in the registers of the Securities Depository Center by the end of Wednesday 23/07/1441H corresponding 18/03/2020G (end of trading day on 21/07/1441H corresponding to 16/03/2020G).
6. Dividends will be paid within 20 business days post the eligibility date.
In a reference to the fund's dividend policy previously announced on 29/11/1438 H corresponding to 21/08/2017 G, where it aims to distribute all available amounts of funds from operations subject to changes in future, and due to current Makkah hospitality market conditions, it was decided to retain portion of available cash from funds from operations in case of any emergency conditions.
The Fund Manager wishes to remind the unit holders to update their bank accounts to ensure depositing the outstanding dividend to their accounts directly.