“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 6 sen per unit,” said Sarawak premier Abang Johari Openg at the ASSAR dividend announcement for the FY2024 event.

He added that 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.

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

Abang Johari said that in line with the economic 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% 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.

Launched on August 25, 1993, ASSAR aims to offer Sarawak’s Bumiputera community a chance to engage in the country’s economic development through a collective investment scheme in the capital market.

As at June 30, 2024, the total number of ASSAR units has increased to 468.35 million, with 57,542 investors participating, up from 100 million units at the fund’s inception.