Alwaha REIT to pay 4% cash dividend for H2 2023

15/02/2024 Argaam

Alwaha REIT to pay 4% cash dividend for H2 2023

Logo of Alwaha REIT Fund

Wasatah Capital announced the distribution of a 4% cash dividend (SAR 0.40 per unit) to unitholders of Alwaha REIT Fund for the period from July 1 to Dec. 31, 2023, as follows:

 

Dividend Details (H2 2023)

Capital  

SAR 150 mln

Number of Units

15 mln

Total Dividends  

SAR 6 mln

Percentage of Par Value

4% (SAR 0.40 per unit)

Record Date  

Feb. 20, 2024 (Unitholders of record on Feb. 25, 2024)

Payment Date

March 6, 2024
 

The dividend represents 3.47% of Alwaha REIT’s net asset value (NAV) as of Dec. 31, 2023, the fund manager added.

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