Saham Amanah Sabah declares interim income distribution of 4.2%

KOTA KINABALU: Saham Amanah Sabah (SAS) has declared its first Interim Income Distribution for 2021 of 4.2%, with RM51.7mil to be paid to 49,626 investors.

Chief Minister Datuk Seri Hajiji Noor (pic) said SAS achieved a net income of RM52,987,461 as at Feb 22,2021.

"Despite the global stock market turbulence and subdued economic activity due to the impact of the Covid-19 pandemic, we are pleased to continue to provide returns to SAS unit holders.

"This positive performance was achieved thanks to prudent financial management and adopting the right investment strategies," he said on Thursday (Feb 25).

Hajiji, who is also state Finance Minister, was earlier briefed on the performance and achievements by SAS fund manager Saham Sabah Berhad (SSB) at his office here.

The SSB delegation was led by its deputy chairman Luvita Koisun.

Stock market investments accounted for 98.17% of SAS' income, followed by dividends (1.43%) and the money market (0.4%).

To date, since its inception 26 years ago, SAS has declared 23 distributions involving a total payment of RM694.94mil.

Hajiji also invited potential and existing investors, especially state government agencies, to invest or increase their investment in SAS as the fund still has units for sale.

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