Bank Muscat Oryx Fund delivers a remarkable performance in 2023

Bank Muscat Oryx Fund delivers a remarkable performance in 2023

Bank Muscat Oryx Fund registered industry leading gains of 29.2% during 2023 as against its benchmark S&P GCC Composite index, which posted a return of 6.2%. Accordingly, the Fund maintained its track record of posting attractive returns during 2023 with outperformance of 23% over the index. The Fund achieved this stellar performance despite challenging market conditions prevailing throughout 2023 for a number of factors, including a sharp increase in interest rates and geopolitical issues. The strong performance of the Fund made it the Top Performing GCC Equity fund among the GCC equity funds in Oman for the year 2023. The Fund has been delivering consistent performance across all periods as highlighted below:

In addition to delivering robust capital appreciation, the Fund also rewarded investors with consistent cash dividends. During 2023, the Fund paid dividend of 68 baisas per unit which is higher than the dividend of 66 baisas per unit paid in 2022.

Bank Muscat Oryx Fund primarily invests in stock markets in the GCC region and has a consistent and proven track record of generating attractive returns for 29 years. The Fund is one of the largest funds in the GCC region within its category and it is regulated by the