Saudi Arabia-based Albilad Capital has announced it will distribute cash dividend to the unitholders of Abilad Saudi Sovereign Sukuk ETF for the month of January 2021.

The total payout is pegged at more than 873,266 riyals ($232,830), the investment banking arm of Bank Albilad said in a statement to the Saudi Stock Exchange (Tadawul).

The dividend is equivalent to 0.49 percent of the fund’s net asset value as of January 27, 2021.

It will be paid within ten business days after the eligibility date.

“The eligibility of dividends shall be for the unitholders registered in… the Securities Depository Centre by the end of Tuesday, February 2, 2021,” the company said.

(Writing by Cleofe Maceda; editing by Seban Scaria)

Cleofe.maceda@refinitiv.com 

Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

© ZAWYA 2021