Jadwa Investment, a leading investment management and advisory firm in Saudi Arabia, said its Shariah-compliant real estate investment traded fund, will be distributing dividends worth SR17.1 million ($4.55 million) to its shareholders for the second half of 2017.

The dividends (per unit SR0.26) are equivalent to 2.6 per cent of the share par value, said the company in its disclosure to the Saudi bourse Tadawul.

It will be paid only to the unitholders registered in the registers of the Securities Depository Center by the end of the second trading day on Tuesday (Januray 9), it stated

Jadwa REIT Al Haramain Fund, which started with a SR660 million ($176 million) capital, invests in major real estate properties in Makkah and Madinah.-TradeArabia News Service