Jadwa Investment Company, in its capacity as the manager of the Saudi Jadwa REIT Fund, announced the results of the fund's unitholders meeting last Thursday evening.
According to Arabiya Net, the company said in a statement that the shareholders agreed to increase the total value of the fund's assets by 370 million riyals, by offering additional units with the aim of acquiring a real estate asset. Additional and reimbursement of related expenses and costs.
She added that the shareholders agreed to the supplementary supplement to the Fund's Terms and Conditions, which was primarily prepared to reflect the increase in the total value of the Fund's assets.
The Jadwa Investment Company had announced the distribution of cash dividends to the owners of the units of the Saudi Jadwa REIT Fund for the first quarter of 2021, with a total of 30.02 million riyals, to a number of 158 million List unit.
The company stated that the value of the distributed profit for each unit is 0.19 riyals, with a distribution ratio to the initial price of the unit 1.90%.
The net profit of Jadwa REIT Saudi Fund rose by 101% in 2020, to reach about 154.09 million riyals, compared to about 76.65 million riyals in 2019.
