Bank Muscat Oryx Fund distributes highest ever dividend of 72 baizas per unit to its investors for FY 2023

Bank Muscat Oryx Fund distributes highest ever dividend of 72 baizas per unit to its investors for FY 2023

The Fund rewards its investors with consistent dividend distributions and it has maintained its track record of growing dividend every year.

The post Bank Muscat Oryx Fund distributes highest ever dividend of 72 baizas per unit to its investors for FY 2023 appeared first on The Arabian Stories News. MUSCAT : Bank Muscat Oryx Fund continues to reward its investors with a growing stream of dividend distributions and capital growth. The Fund’s management body, in its meeting held on 18th February, 2024, approved a dividend distribution of 72 Baiza per unit to be paid to the unitholders for FY 2023. This is the highest cash dividend paid so far by the Fund, which highlights the investor-focused approach followed by the Fund.

The Fund rewards its investors with consistent dividend distributions and it has maintained its track record of growing dividend every year, as highlighted in the chart below.

Figure 1: Dividend distribution track record of Oryx Fund (Baiza per unit)

In addition to the regular income distributions (through dividends), the Fund has also been rewarding its investors with attractive capital appreciation. Oryx Fund has delivered a return of 29.2% for the one-year period ended 31st December, 2023 against a return of 6.2% by its