Saturday, May 25, 2024
Saturday, May 25, 2024
Home » Bank Muscat Oryx Fund Set to Pay Largest Ever Dividend

Bank Muscat Oryx Fund Set to Pay Largest Ever Dividend

by Michael Lowe
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The Oryx fund, run by Oman-based Bank Muscat, is set to pay its largest ever divided to shareholders after enjoying a positive performance during 2022.The fund’s management board has proposed a divided distribution of 68bz per unit to be paid to the unitholders for the last financial year.The fund, which was launched in 1994 and invests in early-stage technology companies, has delivered an average annual return of 12.7% over the last ten years, translating to an aggregate return of 230.5%.For the last year, the fund returned 5.8% against a negative return of 7.1% for the chosen benchmark, the S&P GCC index.

Source : Fundsglobalmena

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