Alwaha REIT to pay 4.3% dividend for period since launch until June 30

13/07/2023 Argaam

Alwaha REIT to pay 4.3% dividend for period since launch until June 30

Logo of Alwaha REIT Fund


Wasatah Capital announced the distribution of a cash dividend of 4.3%, or SAR 0.43 per unit, to unitholders of Alwaha REIT, for the period since inception until June 30, 2023, according to a statement to Tadawul.

 

Dividend Details

Current Capital

SAR 150 mln

Number of Units

15 mln

Total Dividend

SAR 6.45 mln

Dividend per Unit

4.3% (SAR 0.43 per unit)

Record Date

July 18, 2023 (By the close of trading on July 20)

Payment Date

Aug. 2, 2023

 

The payout ratio stood at 3.72% of the fund’s net asset value as of June 30, 2023.

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