The Saudi Company for Economy and Development for Securities (SEDCO Capital) announced the distribution of cash dividends amounting to SAR 9.15 million to owners of units of SEDCO Capital Rit Fund for the period from April 2020 to June 30, 2020.
According to Arabia Net, the company said in a statement to the Saudi market that the dividends are based on 60 million existing units, noting that the value of the distributed profit is 0.1525 Saudi riyals for each Unit, and its ratio to the initial unit price is 1.525%, which is equivalent to 6.10% on an annual basis.
The distribution ratio is 1.55% of the net asset value according to the latest financial statements issued as of the end of December 2019.
The company clarified that the dividend eligibility will be for the unit owners according to the record of the unit owners by the end of Wednesday, 8 July 2020, and the end of trading on Monday, 6 July 2020, and the dividends will also be paid. Within 60 days of the due date.
