Complex Made Simple

Al Masah Fund pays out 4th consecutive cash dividend

Al Masah Capital continues to set new benchmarks in performance as it offers a fourth consecutive $2 dividend payout for all of its investors through its MENA Dividend Fund. Launched a year ago, the fund successfully targeted a payout of an 8% annual dividend in 4 quarterly payments. Total performance for the Fund for the full year came in at 26%.

“We have achieved our 1st year objective of paying out consistent quarterly dividends and setting a new standard of excellence,” said Shailesh Dash, CEO of Al Masah Capital.

MENA Dividend Fund is the only UCITS IV fund in the region. Al Masah Capital was one of the first regional investment companies to receive the UCITS IV license from the CSSF (Luxembourg’s monetary authority). The fund follows strict risk and compliance parameters that are based on international standards and has the distinction of being one of the first regional Funds to implement the UCITS regime on local markets.

According to Dash, “In addition to having a globally recognized infrastructure this fund was designed with a specific investment strategy in mind. MENA markets enjoy one of the highest dividend yields in the world with an average of 4-5%. Add AMCL’s unique portfolio management skills and the Fund’s first year target dividend of 8% was met comfortably.”

“We are very pleased to make this fourth consecutive dividend announcement,” Dash added. “This is tangible evidence of our commitment to both investors and shareholders and belief in our own abilities to match investor expectations. By paying out an $8 dividend after only 1 year, we are offering commitment, reliability and trust, all of which form the basis of our credibility,” Dash added.

The MSCI inclusion date for UAE and Qatar has capped an eventful year for the regional markets. “Since June of last year UAE and Qatar have been one of the best performing markets in the world,” said Akber Naqvi, Executive Director, Al Masah Capital, “so the market entry for our Fund was timed perfectly. Our double digit annual returns so far give us a nice buffer to not only keep paying out regular quarterly dividends, which is what this Fund is designed for, but also put in place a solid foundation from which we can build a long-term track record of consistent top performance and a sustainable dividend payout policy,” he added.

Al Masah Capital’s investment management team has over 15 years of global and regional portfolio and fund management experience, managing AUM’s in excess of $800m. By utilizing a unique combination of fundamental valuation and technical market trigger techniques, AMCL’s team manages Funds and Portfolios that have consistently outperformed the market and its peers. It recently launched an IPO fund which will tap into the growing opportunity of a revitalized regional IPO pipeline – the subscription window is now open and cornerstone allocation in high profile regional IPO’s launching in the next couple of months have already been confirmed.