SICO Saudi REIT Fund is a closed-ended Shari ah-compliant real estate investment traded fund. The REIT operates in accordance with Real Estate Investment Funds Regulations and REIT Instructions issued by the CMA. The main objective of the Fund is to provide current income to investors by investing in real estate assets that have been developed with income generating and investment development by investing at least 55% of the total value of the Funds assets according to the latest audited financial statements in Makkah and Madinah, And 45% in income-producing real estate assets in Saudi Arabia (excluding Makkah and Madinah). The fund invests mainly in real estate in Saudi Arabia. However, the Fund may invest in real estate outside Saudi Arabia for no more than 25% of the total value of the Funds assets. As the fund will invest primarily in developed and ready-to-use real estate assets, it may also invest in viable real estate development projects with the aim of increasing the value of the unit provided that the fund does not invest in white land. The Fund is also entitled to invest in the renovation and redevelopment of existing properties, property repurchase agreements, usufruct, Islamic deposits, The units of investment funds licensed by the CMA, the shares of real estate companies that comply with the rules of Islamic Sharia and listed in Tadawul and no more than 25% of the total value of the assets of the Fund. The Fund Manager intends to distribute an annual cash dividend of at least 90% of the net profit of the Fund twice a year in January and July of each calendar year, excluding capital gains from the sale of real estate assets and other investments that may be reinvested in other properties as determined by Board of Directors of the Fund.
Muscat Capital - Al Masha'ar REIT Fund Dividend Announcement
• Muscat Capital - Al Masha'ar REIT Fund announced a annually dividend of ر.س0.15 per ordinary share which will be made payable on 2022-01-24. Ex dividend date: 2022-01-05
• Muscat Capital - Al Masha'ar REIT Fund's trailing twelve-month (TTM) dividend yield is -%
Muscat Capital - Al Masha'ar REIT Fund Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2022-01-05 | ر.س0.15 | annually | 2022-01-24 |
Muscat Capital - Al Masha'ar REIT Fund Dividend per year
Muscat Capital - Al Masha'ar REIT Fund Dividend Yield
Muscat Capital - Al Masha'ar REIT Fund current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Muscat Capital - Al Masha'ar REIT Fund stock? Use our calculator to estimate your expected dividend yield:
Muscat Capital - Al Masha'ar REIT Fund Financial Ratios
Muscat Capital - Al Masha'ar REIT Fund Dividend FAQ
1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.
2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.
3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.
4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.
5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
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