Al Hilal Global Sukuk Fund Delivers 3.93% Dividend
{{#if alert}}
{{msg}}
{{/if}} {{#if confirm}}
{{msg}}
{{/if}} {{#if email}}
Please enter a valid destination email id
{{/if}}
The positive performance of the fund amid a low interest rate environment and global uncertainty reflects the fund management expertise
Dubai
Al Hilal Bank said its sukuk fund, which was launched in March 2012, distributed a 3.93 per cent dividend to all registered unit holders as at February 8.
The distribution equalled 3.93 per cent of the Fund’s net asset value (NAV) based on the initial NAV of $10. The positive performance of the fund amid a low interest rate environment and global uncertainty reflects the fund management expertise, the asset manager said in an emailed statement.
The Bank’s first fund, the GCC Equity Fund, was launched in 2011 and has performed strongly, despite highly volatile market conditions, delivering a healthy double-digit return of 23.16 per cent since inception.
Investcorp exits RESA Power In Sale To Kohlberg, Marking First Exit For North American PE Fund
Investcorp aims to replicate RESA’s success globally across its private equity business Read more
Gate Group Secures Dubai VARA License
Gate Group’s Dubai arm is accelerating the expansion of its local team as it prepares for its official launch Read more
UAE Reviews Tax Authority Achievements As Report Identifies Over 537,000 Corporate Tax Registrants And 511,000 Signed Up For VAT
UAE Federal Tax Authority meets to discuss progress Read more
UAE Announces New Tax Rule
The UAE has announced a new waiver for tax fines in the country Read more
First Abu Dhabi Bank Powers Ahead With Record Q1 Numbers
Total income up 11 per cent to $2.4bn as net profit rises 23% to $1.4bn and profit before tax reaches $1.67bn; Total as... Read more
UAE To Launch Dirham-backed Stablecoin
Dirham-backed stablecoin launched in the UAE will enable simple digital payments Read more