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Al Hilal Bank has announced the first dividend payout by its flagship fund, Al Hilal Global Sukuk Fund.
The fund, which was launched in March 2012, will distribute a 4.36 per cent dividend, and all registered unit holders of the fund, as of Dec. 31, 2012, will be eligible to receive this dividend, according to a press release.
Al Hilal Global Sukuk Fund’s objective is to generate regular income and to achieve capital appreciation by investing in globally diversified Shariah-compliant fixed-income securities (Sukuk) issued by sovereign, quasi-sovereign, and corporate organisations.
Times of Oman
