logo

SEDCO Capital unveils dividends for multi-asset traded fund's unitholders

Zawya27-01-2025

Riyadh – Saudi Economic and Development Securities Company (SEDCO Capital) unveiled SAR 5.70 million in cash dividends to the unitholders of SEDCO Capital's multi-asset traded fund.
A total of 30 million units of the REIT fund will receive SAR 0.19 per unit for the period from 1 October 2024 to 31 December 2024, according to a bourse filing.
The distribution ratio of the net asset value stands at 1.90%.
The eligibility for cash dividends will be at the end of the trading session on Thursday, 30 January 2025, while the distribution of the dividends shall take place within 60 days.
All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (Syndigate.info).

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

South Africa: Fairvest sharpens focus on retail strategy serving low-income communities
South Africa: Fairvest sharpens focus on retail strategy serving low-income communities

Zawya

time12 hours ago

  • Zawya

South Africa: Fairvest sharpens focus on retail strategy serving low-income communities

Fairvest Limited is making clear progress in its strategic transformation toward becoming a retail-focused Real Estate Investment Trust (REIT) aimed at servicing South Africa's low-income communities. Chief executive officer Darren Wilder said: "Fairvest is making consistent progress in transforming its diverse portfolio by improving asset quality while pursuing its goal of becoming a retail-only REIT focused on serving low-income communities in South Africa. "This strategy involves disposing of non-core assets and reinvesting in retail-focused properties. Currently, approximately 70% of revenue is generated from retail properties." This retail repositioning has been supported by recent acquisitions in line with Fairvest's strategy to expand its retail asset base. New centre acquisitions In its latest financial results for the six months to 31 March 2025, the Group announced the acquisition of five shopping centres across KwaZulu-Natal and the Western Cape, valued at R477.7m with a blended yield of 9.81%. Properties include Nquthu Shopping Centre, Ulundi Shopping Centre, Eyethu Junction, Shoprite Manguzi, and Thembalethu Square in George. Anchor tenants at these centres include Shoprite, Boxer, and SuperSpar — essential retailers for surrounding communities. Fairvest owns and manages a property portfolio of 127 assets across the retail, office, and industrial sectors, valued at R12.5bn. The average property value stands at R98.1m. During the six months leading to 31 March 2025, the Group increased its holding in Dipula Properties Limited from 5% to 26.3%, a move that was accretive to earnings, loan-to-value ratio, and net asset value. For the interim period, Fairvest declared a distribution of 69.66 cents per A share and 23.10 cents per B share — with the B share dividend representing growth of 8.8%, ahead of the Consumer Price Index. Solid growth forecast Wilder expressed confidence in the Group's trajectory, stating: 'The portfolio continues to benefit from the disciplined execution of our strategic objectives – vacancies remain consistently low, tenant quality has improved, and the portfolio remains operationally robust. "These solid fundamentals, combined with conservative balance-sheet management, position the Group for sustained growth.' Fairvest expects distributable earnings per B share to rise by 8% to 10% for the 2025 financial year. In accordance with its Memorandum of Incorporation, A share distributions will grow by the lesser of 5% or the latest CPI figure.

GIA Redefines Lab-grown Diamond Grading Standards Discontinuation of 4Cs Grading System Enhances Differentiation Between Natural and Lab-Grown Diamonds
GIA Redefines Lab-grown Diamond Grading Standards Discontinuation of 4Cs Grading System Enhances Differentiation Between Natural and Lab-Grown Diamonds

Zawya

timea day ago

  • Zawya

GIA Redefines Lab-grown Diamond Grading Standards Discontinuation of 4Cs Grading System Enhances Differentiation Between Natural and Lab-Grown Diamonds

HONG KONG SAR - Media OutReach Newswire - 10 June 2025 - The Gemological Institute of America (GIA), the world's foremost authority in gemology announced a redefinition in diamond grading on June 2, 2025. Beginning at the end of 2025, GIA will cease using the internationally recognized 4Cs grading system (Cut, Colour, Clarity, Carat) for lab-grown diamonds. Instead, GIA will implement a new descriptive grading system that lab-grown diamonds submitted to GIA will receive simplified descriptors—categorized broadly as either "premium" or "standard" or no grade at all if the quality is subpar. This transformative change marks a historic shift in the global diamond industry, not only redefining the value perception of lab-grown diamonds but also enhancing the differentiation between natural and lab-grown diamonds. This initiative is not merely a terminology adjustment; it represents a systematic effort to separate the grading systems for lab-grown and natural diamonds. As a non-profit organization, GIA emphasizes the fundamental differences between the two, including their formation processes, physical characteristics, and market values. According to Tom Moses, GIA Executive Vice President and Chief Laboratory and Research Officer, "More than 95% of lab-grown diamonds entering the market fall into a very narrow range of color and clarity. Because of that, it is no longer relevant for GIA to describe man-made diamonds using the nomenclature created for the continuum of color and clarity of natural diamonds." Reaffirming the Unique Value of Natural Diamonds This revision of grading standards is another milestone following GIA's abandonment of the term "Synthetic" and its move to describe lab-grown diamonds in relation to natural diamond standards. GIA created the 4Cs—cut, colour, clarity, and carat weight—as a rigorous system to help consumers understand the unique and qualities of natural diamonds. With the new lab-grown diamond grading system, the core value of natural diamonds—rarity and emotional attributes are further emphasized. No two natural diamonds are exactly alike. Every natural diamond is unique, characterized by its distinct growth patterns, inclusions, and colour formed over billions of years. These nature's treasures, formed deep within the Earth, are considered valuable collectibles due to their beauty, rarity and non-renewability. They symbolize values associated with love, commitment, and eternity, while also contributing to the social and economy welfare of the diamond mining communities through responsible mining practices. In contrast, lab-grown diamonds are man-made and mass-produced using high-pressure high-temperature (HPHT) or Chemical Vapor Deposition (CVD) processes. Their industrial nature limits their ability to embody the multiple values associated with natural diamonds, including emotional attributes, rarity, investment potential, and heritage. GIA's reform not only reaffirms the irreplaceable status of natural diamonds but also clarifies that lab-grown diamonds should not be assessed using the same criteria as natural diamonds. Ensuring Consumer Awareness and Transparency Over time, some lab-grown diamond sellers have been using ambiguous marketing terms such as "sustainability" and "equivalency" that may mislead consumers about the differences between lab-grown and natural diamonds. GIA's new approach ensures consumers can make informed choices without confusion, protecting their rights to knowledge, choice, and fair trade. By discontinuing the use of the 4Cs standard for lab-grown diamonds, GIA reaffirms its commitment to scientific integrity and public transparency. GIA's grading redefinition is poised to have a profound impact on the global jewellery industry. As this change takes effect by the end of 2025, it is anticipated that gemological institutes worldwide will follow suit. The boundaries between natural and lab-grown diamonds are clearly defined through GIA's new grading standards. Hashtag: #GIA #NaturalDiamonds #LabGrownDiamonds #DiamondCertification #DiamondGrading The issuer is solely responsible for the content of this announcement. A Diamond is Forever

BAIC Announces 2025 Vehicle Lineup for International Automotive &Supply Chain EXPO (HONG KONG)
BAIC Announces 2025 Vehicle Lineup for International Automotive &Supply Chain EXPO (HONG KONG)

Zawya

timea day ago

  • Zawya

BAIC Announces 2025 Vehicle Lineup for International Automotive &Supply Chain EXPO (HONG KONG)

HONG KONG SAR - Media OutReach Newswire - 9 June 2025 - From June 12 to 15, the INTERNATIONAL AUTOMOTIVE&SUPPLY CHAIN EXPO in Hong Kong will host a major international auto show under the theme "New Car, New Journey." The event will bring automakers, experts and media together showcasing future mobility innovation and trends. At the upcoming exhibition, BAIC Group will present both passenger and commercial lineup, such as the BJ40PLUS RHD and X55 II RHD. BEV models include ARCFOX αS5, ARCFOX αT5 and STELATO S9(REEV). Internationalization is one of BAIC Group's core the general platform of internationalization, BAIC INTL comprehensively coordinates the overseas business. Since its established in 2013, BAIC INTL has expanded to more than 50 countries, establish nearly 300 sales network , and set up eight KD plants—including one wholly owned overseas production base. Its portfolio consists of three distinct brands: BAIC, focused on mainstream and off-road models; ARCFOX, a high-end NEV brand expanding from electric to hybrid offerings; and STELATO, targeting the luxury new energy segment. At the show, BAIC will unveil a range of advanced technologies, including its self-developed Polaris EV platform and the world's first AI-integrated cockpit system. Driven by artificial intelligence, the company is building a closed-loop innovation system that connects user insight, product development, and after-sales service—enabling continuous product evolution and a more intelligent mobility experience. From June 12 to 15, visit Booth C02, Hall 6 at AsiaWorld-Expo to discover how BAIC is driving the next chapter of global mobility—powered by technology, guided by innovation. Hashtag: #BAIC The issuer is solely responsible for the content of this announcement. BAIC INTL.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store