NBAD Sukuk Income Fund Oks $816,660 dividends for H1

NBAD Sukuk Income Fund Oks $816,660 dividends for H1
NBAD Sukuk Income Fund Oks $816,660 dividends for H1-17
FAB NBAD 0.00% 10.60 0.00

Abu Dhabi – Mubasher: The NBAD Sukuk Income Fund affiliated First Abu Dhabi Bank (FAB) will distribute semi-annual cash dividends, FAB said.

Total distributions amounted to $816,660, at $0.107 per unit, representing a semi-annual return of 2.222% of the total net assets, the bank said in a statement, adding that distributions made up an annual yield of 2.44% in the period from 15 December 2016 until 5 July 2017.

Dividend distributions will be paid based on the payout preference selected by the investors at the time of subscription.

“The dividends will be reinvested on 12 July and for those who have selected the cash payout option, the proceeds will be credited into their FAB bank account by the 30 July”, the bank concluded.

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Source: Mubasher

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