Mubasher: GFH, which is listed in Kuwait, Bahrain and Dubai, said it paid $53 million dividends to the investors of the funds which it manages.

The diversified US residential portfolio (DURP) paid cash dividends at a total value of nearly $1.3 million.

The group also distributed semiannual dividends for the project of Philadelphia Private School - Dubai at a total value of around $1 million.

The dividends of Cemena reached nearly $7.9 million, according to a press release from the company.

"Through the dividends, we managed to fulfill promises to our investors, which confirms the group's flexibility and successful strategy," said CEO Hisham Al-Rayes.