Securities

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

HSBC Saudi Arabia announces the distribution of cash dividends to the Unit holders of HSBC Saudi Equity Income Fund for the semiannual period of 31/03/2021 as follows:

  1. Total dividends distribution: SAR 3,028,558.76

  2. The distributions will be based on 2,243,376.86 existing units.

  3. The distribution amount is equivalent to SAR 1.350 per unit and its percentage of the unit initial price is  13.50%.

  4. The distribution percentage is 1.219% of the Net Asset of the Fund as of Wednesday 18/08/1442 H corresponding to 31/03/2021.

  5. The eligibility of the Unit holders for cash distribution shall be based on the Register of the Unit holders by the end of Wednesday 18/08/1442 H corresponding to 31/03/2021.

  6. Distribution shall be paid within ten 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.