Cross-border shelling has killed at least 70 civilians, including children, rescue workers and journalists
world12 hours ago
Abu Dhabi: The National Bank of Abu Dhabi's NBAD Mena Income and Growth Fund has earned dividend income equivalent to Dh2.7 million which equates to an annualised yield of 4.04 per cent during the period from August 7, 2015 to February 4, 2016.
Eligible investors who have successfully subscribed to the fund by February 4, 2016 are entitled for a semi-annual dividend distribution which equals to two per cent of the Net Asset Value, or NAV, of the fund as at February 4, 2016. Accordingly, each unit in the fund will receive a dividend pay-out of Dh0.062538.
The dividend payout will be based on the payout preference selected by the investor at the time of subscription. For those who selected the re-investment option, the dividends will be reinvested on February 7, 2016 and for those who have selected the cash payout option, the proceeds were to be credited into their NBAD bank account by the February 22.
"The global economic environment continues to be challenging with a knock-on impact on financial assets. In spite of such challenges, the fund is pleased to announce its semi-annual dividend distribution of 2 per cent. The yield on the fund remains above four per cent backed by relatively stable earnings growth," said Saleem Khokhar, head of Fund Management & Equities at NBAD's Global Asset Management.
business@khaleejtimes.com
Cross-border shelling has killed at least 70 civilians, including children, rescue workers and journalists
world12 hours ago
The hosts dominate with a total of 194 medals including 65 golds with Saudi in second place and Kuwait in third
sports12 hours ago
Residents with any information have been urged to contact the concerned authority
emergencies12 hours ago
Northeastern University in Boston says the action was taken after some protesters resorted to virulent anti-Semitic slurs
world13 hours ago
The church has been built on 4.37 acres of land, and stands opposite the BAPS Hindu temple
uae13 hours ago
A detailed guide on where to apply, the steps involved, and criteria for eligibility
uae13 hours ago
The Emirates called for strengthening the international humanitarian response and providing urgent relief to those in need
mena13 hours ago
Photonics is the study of light and has several applications including LED, VR, holograms, high-speed internet and solar panels among other things
uae14 hours ago