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News 43

GBP100m Saudi - UK fund distributes first round of dividends to investors

Sidra Capital (Sidra), a CMA regulated Shariah compliant financial services company based in Saudi Arabia and Gatehouse Bank (Gatehouse), an FSA regulated UK-based Shariah compliant bank specialising in UK real estate, announced a first round of net dividends distribution of 7.0% annualised for Sterling UK Real Estate Fund (SURF or Fund).

Higher than SURF's targeted distribution of 6.5%, the current distribution trend is expected to be maintained for the duration of the Fund. The distribution was made from income generated by SURF's previous acquisitions; namely the Co-operative Distribution Unit, Huntingdon, Cambridge and TDG Distribution Centre in Glasgow.

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Source - http://www.ameinfo.com/

 

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