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Kota Kinabalu: Saham Sabah Berhad has declared Saham Amanah Sabah’s (SAS) 1st Interim Income Distribution for 2024 of 2.43pc or 2.43 sen (net) per unit representing an income yield of 8.87pc on investment based on the Net Asset Value (NAV) per unit of RM0.2739 as at 2nd January 2024 which involves a total payment of RM32,716,645.20 based on 1,346,364,000 units held.

Saham Sabah Berhad Chairman Datuk Rusdin Riman said SAS has achieved a net income of RM32,968,095.31 as at May 17, 2024. 

He said the income is derived from the following sources: 

 

(i)    SAS’s investment in the stock market – 86.23pc;

(ii)    Dividend income – 12.52pc and;

(iii)    Money market – 1.25pc.

“We are pleased to deliver this 1st Interim income distribution to our valued and loyal investors despite the challenging external economic environment. 

“This positive performance was achieved due to the prudent financial management and adopting the right investment strategies guided by our investment philosophies.

“The income distribution will be paid to 47,560 investors comprising of 40,126 (84.37pc) individual investors, 7,317 (15.38pc) investors under the Hardcore Poor Scheme, 74 (0.16pc) investors with bank loans and 43 (0.09pc) corporate investors,” he said in a statement.

Since its inception 29-and-a-half years ago, inclusive of this 1st Interim Income Distribution 2024, SAS has declared 26 distributions involving a total payment of RM757,354,196.80 or 99.45 cents a unit (net) or 99.45pc including a distribution in the form of units reinvested at the rate of 0.40 cents per unit (0.40 pc).

“Going forward, Saham Sabah Berhad as the Manager of the SAS Fund Scheme, will continue to generate reasonable returns consistent with its investment objective,” said Rusdin.

He also invite potential and existing investors especially the State Government agencies who have the means to diversify their investment to come forward and invest or increase their investment in SAS as the Fund still has units available for sale.