Derayah Financial announces Q2 2018 cash distribution for unitholders of Derayah REIT for the entitlement period which started from 15/07/1439H corresponding to 01/04/2018G until 16/10/1439H corresponding to 30/06/2018G (91 days only) as per the following:
– Total cash distribution is SR 19,406,800
– The distribution will be based upon the outstanding number of units which is 107,507,035 units
– Cash distribution is SR 0.181 per unit, or 1.81% relative to the IPO price.
– Since the entitlement date fell on a weekend, then the cash distribution entitlement for the unitholders will be as per the unitholder registry at the closing of trading on Thursday 14/10/1439H corresponding to 28/06/2018G
– Cash distribution will be paid within 30 days from entitlement date
Further, the Fund Manager would like to remind the unitholders to update their details with their banks to ensure a smooth payment process.