Riyadh – Mubasher: The board of Al Awwal Real Estate Development Fund that is managed by Alawwal Capital Co. approved the distribution of cash dividends to shareholders.
The dividends will represent 7% of the fund's net value for the fiscal year of 2016.
The fund distributed 2% profits of the net assets on the units' holders for the first half of 2016, according to a statement on the company's website.
The real estate fund is one of the investments' options through acquiring real estate opportunities that can generate income aiming to achieve periodical revenues and raise the investment value.
