Our News

Mulkia Investment Company announces dividends distribution to Mulkia Gulf Real Estate REIT Unitholders

Introduction :
Mulkia Investment Company announces the distribution of cash dividend to Mulkia Gulf Real Estate REIT Fund Unitholders for the period from 01/03/2020 to 30/06/2020 as follows:
Type of Distribution : Cash Dividend
Profits Maturity Period :
The eligibility of dividends shall be for the unit holders registered in the registers of the Securities Depository Center by the end of Thursday 25/11/1441H corresponding 16/07/2020G (end of Tuesday trading day on 23/11/1441H corresponding to 14/07/2020G).
Total Dividends : 6,810,865.20 SAR
Number of Outstanding Units on which Cash Dividends will be Distributed : 68108652
Amount of Profit Distributed per Unit (SAR) : 0.10
Percentage of Dividend to the Unit’s Initial Price (%) : 1.00
Percentage of Dividend of the Net Assets Value (%) : 1.03
Percentage of Dividend of the Net Assets Value as of : 2020-06-30 Corresponding to 1441-11-09
Eligibility of Cash Dividends to the Unitholders as per the Unitholders Registry as of : 2020-07-16 Corresponding to 1441-11-25
Dividends Payment Date : Dividends will be paid within 15 business days post the eligibility date
Additional Information :
The fund manager would like assure acting in the best interests of unit holders by distributing cash dividends as usual despite the exceptional circumstances resulted from the precautionary measures related to Corona virus and their impact on all economic & commercial activities, including the activities of the fund. The fund manager also clarifies that the cash dividend reduction comes in the context of the reservation required by the current circumstances. At the same time, the fund manager is negotiating with tenants to settle the effects of the precautionary measures. Results will be announced once finalized to clarify the effect for the unitholders and other related parties.

The Fund Manager also would like to remind the Unitholders to update their bank account information in order to ensure depositing the outstanding distribution to their accounts directly.