AMANAH SAHAM SARAWAK DECLARES FINAL DIVIDEND OF 3.5 SEN PER UNIT

KUCHING, July 5 (Bernama) -- Amanah Saham Sarawak (ASSAR) has announced the distribution of a final dividend of 3.5 sen per unit for its financial year ended June 30, 2024 (FY2024).

“This second distribution for FY2024 involves a total payment of RM16.39 million to 57,542 unitholders, calculated based on the remaining unit holdings on June 30, 2024.

“This brings the total ASSAR dividend distributed for FY2024 to six sen per unit. This comprises an interim dividend of 2.5 sen and a final dividend of 3.5 sen, with a final distribution of RM28.1 million from a net income of RM36.16,” Sarawak Premier Tan Sri Abang Johari Tun Openg said at the ASSAR Dividend Announcement for FY2024 event here today.

Previously, ASSAR announced an interim dividend of 2.5 sen per unit for FY2024 on Jan 5, 2024.

Abang Johari said that in line with the economy’s growth and improved investment climate, ASSAR’s net asset value (NAV) per unit has consistently improved to RM1.1262 on June 30, 2024, a 6.3 per cent growth from RM1.0594 in FY2023.

“Meanwhile, the total gross income generated in FY2024 amounts to RM40.84 million. After deducting expenditures totalling RM4.68 million, ASSAR’s net income amounts to RM36.16 million,” he added.

ASSAR was launched on Aug 25, 1993, to provide Bumiputera people in Sarawak the opportunity to participate in the country’s economic development through a collective investment scheme in the capital market.

As of June 30, 2024, the total number of ASSAR units has increased to 468.35 million units, involving the participation of 57,542 investors, from 100 million units at the beginning of the fund.

-- BERNAMA