(MENAFN-Khaleej Times) al masah capital recently announced that it is offering a third consecutive $2 dividend payout for all of its investors through its mena dividend ?und, or md?
Launched only nine months ago, the fund is targeting a payout of eight per cent annual dividend in four quarterly payments. based on current payouts of six per cent in just nine months, the target of eight per cent annual payout is very much complete. the ?und’s total performance so far is nearly 21 per cent out which the six per cent has been paid out.
“we are achieving our objectives of paying out quarterly dividends and after only nine months of operation we are well ahead of our schedule,” said shailesh dash, ceo of al masah capital.
The mena dividend ?und 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 css? (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 ?unds to implement the ucits regime on local markets.
“we believe a properly executed dividend strategy is very beneficial to regional investors. mena markets enjoy one of the highest dividend yields in the world with an average of four to five per cent. the amcl ?und has already paid out six per cent and with a total return of 21 per cent, we have enough capacity to continue our quarterly dividend payouts for the foreseeable future,” dash explained.
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