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SAS investors to receive RM34m dividends

29th April, 2017

KOTA KINABALU: Investors of Saham Amanah Sabah (SAS) will be paid dividends totalling in excess RM34.1 million, it was announced yesterday.

The investors total 51,677 comprising 44,096 individual investors, 7,317 under the Hardcore Poor Scheme, 212 with bank loans and 52 institutional investors, SAS chairman Datuk Marcus Mojigoh said.

At a ceremony witnessed by Chief Minister Datuk Musa Haji Aman, he handed over the dividend payment to Datuk Peter Thien, the deputy permanent secretary of the Ministry of Finance.

SAS is a sovereign equity fund initiated by the State government in 1994. Yesterday’s dividend payout was its 20th. The payouts combine to a total of RM577,030,671, revealed Datuk Marcus who is also Member of Parliament for Putatan.

He said SAS achieved a gross income of RM38,751,763 for the period ended 27 April 2017. The SAS income is made up of stock market investments (89.88%), dividends (7.7%) and money market (2.35%).

“With this positive achievement, I am pleased to declare SAS’s 1st Interim Income Distribution for 2017 of 2.80% or 2.80 sen (net) per unit representing an income yield of 7.76% on investment based on the Net Asset Value per unit of RM0.3610 as at 2nd January 2017 which involve a total payment of RM34,157,200 based on 1,219,900,000 units held as at 27 April 2017,” he added.

“The result was achieved on the back of improving economic momentum leading to a relatively strong equity market performance over the first four months of 2017.”

Marcus said SAS will continue to generate reasonable returns consistent with its investment objective. He urged investors, especially State Government agencies who have the means to diversify their investment into SAS. A minimum initial investment is 1,000 units.

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