Jadwa REIT AL Haramain Fund is a closed ended Shariah compliant real estate investment traded fund. The REIT invests primarily in real estate assets in the Holy cities of Makkah Al Mukarramah and Al Madinah Al Munarawah. The REIT operates in accordance with Real Estate Investment Funds Regulations and REIT Funds Instructions issued by the CMA. The REIT is listed on Tadawul and its units trades in accordance with Tadawul rules and regulations. At inception, the REIT size is 66,000,000 units at SAR10 per unit and has a term of 99 years extendable at the discretion of the Fund Manager after obtaining CMA approval. The primary objective of the REIT is to provide its investors with regular income by investing in income generating real estate assets. The fund expect to distribute twice a year an annual cash dividends of no less than 90% pf the REIT''s net profit, not including capital gains from selling real estate assets and other investments which may be reinvested in additional assets or in the maintenance and renovation of the fund''s properties. The REIT is managed by Jadwa Investment Company, a closed joint stock company pursuant to the laws and regulations of the Kingdom of Saudi Arabia, and licensed to operate as an Authorized Person under the Authorized Person Regulations issued by the Board of the CMA pursuant Resolution No. 1-83-2005 dated 21/05/1426H (corresponding to 28/06/2005G) under license number 06034-37 dated 13/02/1428H (corresponding to 03/03/2007G). Jadwa Investment is a full-fledged Shariah-compliant investment bank headquartered in Riyadh, Saudi Arabia, that offers asset management, advisory, corporate finance, brokerage and custody services. The investment team at Jadwa Investment comprises experienced professionals from the asset management and investment banking industry. The REIT is in compliance with Shariah guidelines stipulated by the Shariah Board of Jadwa Investment Company. The Shariah Board is chaired by H.E. Sheikh Dr. Abdulla Al Mutlaq and has the following members: Sheikh Dr. Muhammad Ali bin Ibrahim Al Qari bin Eid, Sheikh Bader Abdulaziz Al Omar and Sheikh Ahmed Abdulrahman Al Gaidy.
Jadwa REIT Al Haramain Fund Dividend Announcement
• Jadwa REIT Al Haramain Fund announced a semi annually dividend of ر.س0.20 per ordinary share which will be made payable on 2024-08-26. Ex dividend date: 2024-08-26
• Jadwa REIT Al Haramain Fund annual dividend for 2024 was ر.س0.33
• Jadwa REIT Al Haramain Fund's trailing twelve-month (TTM) dividend yield is 5.59%
• Jadwa REIT Al Haramain Fund's payout ratio for the trailing twelve months (TTM) is 32.54%
Jadwa REIT Al Haramain Fund Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-26 | ر.س0.20 | semi annually | 2024-08-26 |
2024-03-03 | ر.س0.13 | semi annually | 2024-04-01 |
2020-03-17 | ر.س0.20 | semi annually | 2020-04-06 |
2019-07-18 | ر.س0.26 | semi annually | 2019-08-06 |
2019-02-25 | ر.س0.28 | semi annually | 2019-03-14 |
2018-07-29 | ر.س0.28 | semi annually | 2018-08-28 |
2018-01-10 | ر.س0.26 | semi annually | 2018-01-24 |
2017-08-27 | ر.س0.10 | semi annually | 2017-10-08 |
Jadwa REIT Al Haramain Fund Dividend per year
Jadwa REIT Al Haramain Fund Dividend growth
Jadwa REIT Al Haramain Fund Dividend Yield
Jadwa REIT Al Haramain Fund current trailing twelve-month (TTM) dividend yield is 5.59%. Interested in purchasing Jadwa REIT Al Haramain Fund stock? Use our calculator to estimate your expected dividend yield:
Jadwa REIT Al Haramain Fund Financial Ratios
Jadwa REIT Al Haramain Fund Dividend FAQ
Other factors to consider when evaluating Jadwa REIT Al Haramain Fund as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Jadwa REIT Al Haramain Fund's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Jadwa REIT Al Haramain Fund publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Jadwa REIT Al Haramain Fund distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Jadwa REIT Al Haramain Fund are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Jadwa REIT Al Haramain Fund sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Jadwa REIT Al Haramain Fund distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Jadwa REIT Al Haramain Fund declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Jadwa REIT Al Haramain Fund's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Jadwa REIT Al Haramain Fund's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.