– Announcement –
Alkhabeer Capital Announcement on the Distributions of Dividends to the Unitholders of Alkhabeer Growth & Income Traded Fund
“Alkhabeer Capital announces the distribution of cash dividends to the Unitholders of Alkhabeer Growth & Income Traded Fund for the period from 1 July 2023 to 31 December 2023 as follows:
– Total distributed dividends: SAR 13,249,108.37
– Cash distributions will be made on the basis of71,616,802 outstanding units.
– The amount of dividends distributed is SAR185 for each unit, and its percentage to the initial unit price is 1.85%.
– The distribution ratio is 20% of the net assets value per unit as of 18 Jumada al-Alkhirah 1445H corresponding to 31 December 2023.
– Cash distribution entitlement to unitholders will be as per the unitholders’ register at the end of Monday, 20th Shawwal 1445H corresponding to April 29th, 2024 (end of trading day on Thursday, 16th Shawwal 1445H corresponding to April 25th, 2024).
– Distributions shall be paid within 10 business days of the distribution entitlement date.
We would like to draw the attention of the unitholders to the fact that the total distributions for the fiscal year 2023 is SAR 92,474,699.81, equivalent to SAR 1.115 per unit, representing 11.15% of the initial unit price.
The Fund units that were previously repurchased by the Fund will not have any voting rights and will not be entitled to receive Fund dividends. The Fund Manager will temporarily suspend the buy-back of Units until the close of trading day on Thursday, 16th Shawwal 1445H corresponding to April 25th, 2024.
The Fund Manager would like to remind the unitholders to update their information with Capital Market Institution, where their accounts are being held, to ensure the direct deposit of their due distributions.”
– Ends –
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