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NBAD raises $210m
- United Arab Emirates: Wednesday, March 01 - 2006 at 06:08
National Bank of Abu Dhabi has raised over $210m since 13 February for its Mizat UAE distribution fund. The fund is targeting medium to long-term capital appreciation, as well as distributing dividends semi annually by investing in UAE and GCC equities, fixed income securities and real estate. The UAE stock market is currently considered relatively inexpensive with an average PE ratio of less than 19.
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