Real estate investment funds see Tadawul trading surge

RIYADH: Seventy-three firms listed on the Saudi Stock Exchange (Tadawul) surged above their three-month average this week, the vast majority of them real estate investment trusts (REITs), according to figures compiled by Argaam.

Of the 73 companies, the top 11 were REITs. The top performer was the Bonyan REIT Fund, trading 4,172 percent above its three-month average.

Saudi Fransi Capital announced in November the distribution of 2.76 percent cash dividend to the fund for the period from May 1 to Oct. 31, 2020, at SR0.276 ($0.07) per unit.