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NBAD Sukuk announces 2.87% payout

June 15, 2014



Accordingly, each unit in the fund will receive a dividend pay-out of $0.1510. The Fund earned interest equivalent to $926,428.67 from November 29, 2013 to May 28, 2014.















The National Bank of Abu Dhabi's (NBAD) Sukuk Income Fund will pay to its investors a semi-annual distribution equal to 2.87 per cent of the net asset value (NAV) of $5.2532.







Accordingly, each unit in the fund will receive a dividend pay-out of $0.1510. The Fund earned interest equivalent to $926,428.67 from November 29, 2013 to May 28, 2014.







"The performance of the Sukuk Income Fund has been unique amongst the peer group with attractive level of income and total return achieved at a low level of volatility," said Mark Watts, the managing director & chief investment officer of NBAD's Asset Management Group. In a market that has seen returns to investors shrink, we are particularly proud to be able to offer this level of income and total return."







Investors who have successfully subscribed into the fund by May 28, 2014 or prior are eligible to receive dividends. The dividend pay-out method is based on the pay-out preference each investor in the Fund selected at the time of subscription. Accordingly, dividend reinvestment is based on the unit NAV of May 28, 2014.







Compiled from staff report


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Source: Khaleej Times (United Arab Emirates)


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