Securities

HSBC Saudi Arabia announces the distribution of cash dividends to the Unit holders of HSBC GCC Equity Income Fund

HSBC Saudi Arabia announces the distribution of cash dividends to the Unit holders of HSBC GCC Equity Income Fund for the semiannual period of 30/09/2019 as follows:

  1. Total dividends distribution: SAR 3,513,166.95

  2. The distributions will be based on 11,710,556.49 existing units.

  3. The distribution amount is equivalent to SAR 0.300 per unit and its percentage of the unit initial price is 3.000 %.

  4. The distribution percentage is 2.886 % of the Net Asset of the Fund as of Monday 01 / 02 / 1441 H corresponding to 30 / 09/ 2019.

  5. The eligibility of the Unit holders for cash distribution shall be based on the Register of the Unit holders by the end of Monday 01 / 02 / 1441 H corresponding to 30 / 09/ 2019.

  6. Distribution shall be paid within 2 business days from the announcement date.

The Fund Manager would also like to remind the Unit holders to update their accounts information in order to ensure that their Dividends are directly deposited in their accounts.