Upcoming Dividend • May 25
Upcoming dividend of ر.س0.14 per share Eligible shareholders must have bought the stock before 31 May 2026. Payment date: 30 July 2026. Trailing yield: 6.9%. Within top quartile of Saudi dividend payers (6.0%). In line with average of industry peers (6.9%). Announcement • May 20
SEDCO Capital REIT Fund announces Quarterly dividend, payable on July 30, 2026 SEDCO Capital REIT Fund announced Quarterly dividend of SAR 0.1375 per share payable on July 30, 2026, ex-date on May 31, 2026 and record date on June 01, 2026. New Risk • Mar 28
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2024. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2024 fiscal period end). Interest payments are not well covered by earnings (1.6x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.2% net profit margin). Upcoming Dividend • Jan 11
Upcoming dividend of ر.س0.14 per share Eligible shareholders must have bought the stock before 18 January 2026. Payment date: 02 April 2026. Trailing yield: 7.7%. Within top quartile of Saudi dividend payers (5.9%). In line with average of industry peers (7.2%). Announcement • Jan 07
SEDCO Capital REIT Fund announces Quarterly dividend, payable on April 02, 2026 SEDCO Capital REIT Fund announced Quarterly dividend of SAR 0.1438 per share payable on April 02, 2026, ex-date on January 18, 2026 and record date on January 19, 2026. Declared Dividend • Nov 06
Fourth quarter dividend of ر.س0.14 announced Shareholders will receive a dividend of ر.س0.14. Ex-date: 16th November 2025 Payment date: 4th January 2026 Dividend yield will be 7.2%, which is higher than the industry average of 5.9%. Announcement • Nov 05
SEDCO Capital REIT Fund announces Quarterly dividend, payable on January 04, 2026 SEDCO Capital REIT Fund announced Quarterly dividend of SAR 0.1375 per share payable on January 04, 2026, ex-date on November 16, 2025 and record date on November 17, 2025. New Risk • Oct 13
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.6x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.2% net profit margin). Declared Dividend • Jul 17
Fourth quarter dividend increased to ر.س0.13 Dividend of ر.س0.13 is 5.0% higher than last year. Ex-date: 27th July 2025 Payment date: 7th October 2025 Dividend yield will be 7.2%, which is higher than the industry average of 5.9%. Announcement • Jul 16
SEDCO Capital REIT Fund announces Quarterly dividend, payable on October 07, 2025 SEDCO Capital REIT Fund announced Quarterly dividend of SAR 0.1312 per share payable on October 07, 2025, ex-date on July 27, 2025 and record date on July 28, 2025. Upcoming Dividend • Apr 27
Upcoming dividend of ر.س0.13 per share Eligible shareholders must have bought the stock before 04 May 2025. Payment date: 19 June 2025. Trailing yield: 7.0%. Within top quartile of Saudi dividend payers (5.1%). In line with average of industry peers (6.4%). Announcement • Apr 24
SEDCO Capital REIT Fund Announces Cash Dividend for the Period from January 1, 2025 to March 31, 2025, Payable on June 19, 2025 SEDCO Capital REIT Fund announce cash dividend of SAR 0.125 for the period from January 1, 2025 to March 31, 2025. Total distributed dividends: SAR 23,368,056. Number of Outstanding Units on which Cash Distributions will be Distributed: 186,944,444. Distributions shall be paid within 60 days. The eligibility of the cash dividends for unitholders will be at the end of the trading session on 03 Dhu al-Qi’dah 1446H, corresponding to May 01, 2025G. The actual distribution of cash dividend will start from June 19, 2025G. New Risk • Apr 05
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 8.2% Last year net profit margin: 21% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.6x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.2% net profit margin). Declared Dividend • Dec 28
Dividend of ر.س0.13 announced Shareholders will receive a dividend of ر.س0.13. Ex-date: 1st January 2025 Payment date: 27th February 2025 Dividend yield will be 6.0%, which is about the same as the industry average. Upcoming Dividend • Nov 17
Upcoming dividend of ر.س0.13 per share Eligible shareholders must have bought the stock before 24 November 2024. Payment date: 01 December 2024. Trailing yield: 7.0%. Within top quartile of Saudi dividend payers (4.6%). Higher than average of industry peers (6.1%). New Risk • Sep 03
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 57% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Announcement • Jul 10
SEDCO Capital REIT Fund Announces Dividend for the Period from April 1, 2024 to June 30, 2024 Saudi Economic and Development Securities Company (SEDCO Capital) announced the distribution of cash dividends to the unit holders of SEDCO Capital REIT Fund for the period from April 1, 2024 to June 30, 2024, The amounts of dividends distributed is SAR 0.125 for each unit, Distributions shall be paid within 60 days. New Risk • Mar 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Earnings have declined by 7.6% per year over the past 5 years. Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Dividend is not well covered by cash flows (109% cash payout ratio). Large one-off items impacting financial results. New Risk • Sep 25
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 59% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Earnings have declined by 7.6% per year over the past 5 years. Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Minor Risks Dividend is not well covered by cash flows (133% cash payout ratio). Large one-off items impacting financial results. Upcoming Dividend • Jul 30
Upcoming dividend of ر.س0.13 per share at 8.0% yield Eligible shareholders must have bought the stock before 06 August 2023. Payment date: 31 August 2023. Trailing yield: 8.0%. Within top quartile of Saudi dividend payers (4.2%). Higher than average of industry peers (6.5%). Buying Opportunity • May 08
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 2.8%. The fair value is estimated to be ر.س12.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Dec 26
Sedco Capital Reit Announces the Distributions of Dividends to the Unitholders of Sedco Capital Reit Fund for the Period from 01 October 2022 to 31 December 2022 Saudi Economic and Development Securities Company announces the distribution of cash dividends to the unitholders of SEDCO Capital REIT Fund for the period from 01 October 2022 to 31 December 2022 as follows: Dividends maturity period: from 01 October 2022 to 31 December 2022. Total distributed dividends: SAR 21,296,875. Amount of Dividends Distributed per Unit: SAR 0.181 SAR. Distributions will be paid (number of days) Distributions shall be paid within 60 days The amounts of dividends distributed is SAR 0.18125 for each unit, and its percentage to the initial price of the unit is 1.8125%, which translates to 7.25% on an annualized basis. Announcement • Dec 13
SEDCO Capital REIT Fund (SASE:4344) signed an agreement to acquire commercial complex located in Jeddah for approximately SAR 490 million. SEDCO Capital REIT Fund (SASE:4344) signed an agreement to acquire commercial complex located in Jeddah for approximately SAR 490 million on December 12, 2022. Commercial complex is developed and income-generating asset with a net rental area of 21,000 sqm and a total income of SAR 39 million annually. The Agreement is subject to completing the legal procedures to increase the total value of the Fund’s assets by offering additional units, including the completion of the due diligence procedures, and obtaining the approvals of Capital Market Authority, Saudi Stock Exchange (Tadawul), the unitholders and any other regulatory requirements. Announcement • Jul 04
SEDCO Capital REIT Fund Announces Dividend for the Period from 01 April 2022 to 30 June Saudi Economic and Development Securities Company (SEDCO Capital) announces the distribution of cash dividends to the unit holders of SEDCO Capital REIT Fund for the period from 01 April 2022 to 30 June 2022, The amounts of dividends distributed is SAR 0.1750 for each unit, Distributions shall be paid within 60 days. Announcement • Mar 31
SEDCO Capital REIT Fund Announces Dividend for the Three Months Ended March 31, 2022 SEDCO Capital REIT Fund announced dividend for the three months ended March 31, 2022. For the three months, the company reported SAR 0.1725 for each unit entitled to unitholders shall be based on the unitholder register on the end of April 06, 2022. Reported Earnings • Apr 16
Full year 2020 earnings released: EPS ر.س0.16 (vs ر.س0.37 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ر.س68.1m (down 13% from FY 2019). Net income: ر.س9.72m (down 56% from FY 2019). Profit margin: 14% (down from 28% in FY 2019). Announcement • Oct 12
Sedco Capital Reit Fund Announces A Change in the Composition of the Board of Directors SEDCO Capital REIT Fund announced a change in the composition of the Board of Directors of SEDCO Capital REIT Fund due to the resignation of the Chairman of the Board Dr. Abdulraouf Banaja (Independent Director and Chairman) and the appointment of Mr. Tariq Linjawi (independent member) to replace him as Chairman of the Board, in addition to the appointment of Mr. Ziad Alakeel as an Independent Director of the Board; effective 11 October 2020. The new Board members of the Fund post the change are: Mr. Tariq Linjawi (Independent Director and Chairman); Mr. Ziad Alakeel (Independent Director); Eng. Said Baarma (Non - Executive Director); Mr. Samer Abu Aker (Executive Director); and Mr. Abdulwahhab Abed (Executive Director). Is New 90 Day High Low • Sep 25
New 90-day high: ر.س9.34 The company is up 13% from its price of ر.س8.25 on 25 June 2020. The Saudi market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is up 11% over the same period. 
