‎Al Rajhi REIT board changes cash dividend distribution policy

‎Al Rajhi REIT board changes cash dividend distribution policy

Al Rajhi Capital announced that the board of directors of Al Rajhi REIT fund approved a non-fundamental change to the fund, effective as of Dec. 8, the fund manager said in a statement to Tadawul.

The details of the non-fundamental change include changing the policy of distributing cash dividends from semi-annual, paid at the end of February and August, to quarterly cash dividends for the financial periods ending in March, June, September and December. Therefore, the dividend payout will be in following quarter, starting from Q1 2023.

The fund manager also indicated that cash dividends will be paid at the end of February 2023 for the first six months of 2022.