Mulkia Investment Company announces the distribution of cash dividend to Mulkia Gulf Real Estate REIT Fund Unitholders for the period from 01/10/2021 to 31/12/2021 as follows
Type of Distribution: Cash Dividend
Dividends 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 Wednesday 23/06/1443H corresponding 26/01/2022G (end of Monday trading day on 21/06/1443H corresponding to 24/01/2022G).
Total distributed dividends: SAR 12,259,557.36
Number of Outstanding Units on which Cash Dividends will be Distributed: 68108652 Units
The amount of dividends distributed for each unit (SAR): 0.18
Percentage of Dividend to the Unit’s Initial Price: 1.80 %
Percentage of distribution ratio of the Net Assets Value: 1.80 %
Percentage of distribution ratio of the Net Assets as of: 2021-12-31 Corresponding to 1443-05-27
The cash distributions entitlement will be for unitholders as per the unitholders register on the end of: 2022-01-26 Corresponding to 1443-06-23
Dividends Payment Date: Dividends will be paid within 15 business days post the eligibility date
The fund manager would like to clarify to the unitholders that the distributions for this quarter were made based on the expected income and cashflow of the fund for the year 2021 and the cash available within the fund at time of distribution.
The increase in distributions for this quarter compared to the previous quarters is a result of the availability of cash surplus in the fund during the last quarter of the year.
The Fund Manager also would like to remind the Unitholders to update their financial institution account information in order to ensure depositing the outstanding distribution to their accounts directly.