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NBAD announces its Shariah MENA dividend leader fund Q3 earnings

Each unit in the Fund will receive a dividend payout of USD/AED 0.117 for the USD and AED share classes.

NBAD Shariah MENA Dividend Leader Fund has announced a semi – annual dividend of over 3% for the period from 1st April 2015 to 30th September, 2015.

Eligible investors who have successfully subscribed into the Fund by 30th September, 2015 were entitled for a semi-annual dividend distribution which equals to 3.05% for USD and 3.05% for AED share classes of the net asset value (NAV) as at 30th September 2015.

Accordingly, each unit in the Fund will receive a dividend payout of USD/AED 0.117 for the USD and AED share classes.

The dividend payout will be based on the payout preference selected by the investor at the time of subscription. For those who selected the re-investment option, the dividends will be reinvested on 19th October , 2015 and for those who have selected the cash payout option, the proceeds will be credited into their NBAD bank account by the 20th October, 2015.

NBAD’s Shariah MENA Dividend Leader Fund invests into an array of Shariah compliant stocks and equities across markets and exchanges. The fund aims to provide its clients with a regular income stream while investing in blue chip Shariah compliant equities with relatively lower volatility. SMDL Fund is UCITS IV compliant and follows stringent risk spreading rules.

“In what has proved to be a difficult market environment for both Mena and global equities I am pleased to be able to announce a semi-annual dividend payment in excess of 3% for the Fund. The fund invests in fundamentally strong bluechip equities that have the potential to deliver not only consistent dividend income but also capital appreciation.

The NBAD MENA Dividend Fund is an important investment solution for investors seeking return from both income and capital appreciation”. Says Saleem Khokhar Head of Fund Management at NBAD’s Global Asset Management.
NBAD’s Global Asset Management manages assets in excess of AED 8.4 billion, making it one of the largest of its kind in the UAE.