KOTA KINABALU: Chief Minister Datuk Seri Shafie Apdal yesterday reported gross income of RM36,017,587 for Saham Amanah Sabah (SAS) as of September 6 this year.
âWith this achievement, I declare the first distribution of middle income of 2.40% or 2.40 sen net per unit for 2019.
âThis represents an income yield of 7.41% based on the net asset value per unit of RM 0.3240 as of January 2, 2019, where the payment of RM 29,552,976 will be distributed to 1,231,374,000 units held on 6 September of this year, “he said.
The Chief Minister made the announcement yesterday after Saham Sabah Berhad (SSB), headed by its chairman Datuk Dr Marcus Mojigoh, paid him a courtesy visit to the PPNS building.
Shafie said the income came from SAS investments in the stock market (77.60%), dividend income (14.04%) and money market (8.36%).
âThe positive result has been achieved thanks to prudent financial management and an appropriate investment strategy.
âDespite the difficult investment environment with moderate growth and degraded performance in global and domestic markets, we are pleased to be able to continue to deliver returns to SAS shareholders,â he said.
The middle income distribution would be paid to 50,264 investors comprising 42,746 (85.04%) individual investors, 7,317 (14.56%) investors under the Hardcore Poor Scheme, 151 (0.30%) investors with bank loans and 50 (0.10%) corporate investors.
Since its inception 25 years ago, including this 2019 middle income distribution, SAS has declared 22 distributions involving a total payout of RM643,231,647 or 90.57 sen per net share or 90.57 percent and a distribution under form of reinvestment at the rate of 0.40 cents per unit (0.40 percent).
âSaham Sabah Berhad, as manager of the SAS Fund Scheme, will continue to generate reasonable returns in line with his investment objective.
âI invite potential and current investors, especially those in government agencies, to consider investing as SAS units are still available,â Shafie concluded.
Also present during the courtesy visit were his Vice-President Datuk Naim Ahmad, CEO Hassan Abbas and members of the investment committee Datuk Hassan Ibrahim, Datuk Maznah Ghani, Datuk Kevin How, Datuk Peter Thien and Datuk Nellie Sikodol.