21.06.2011 - Commercialbank pays 5pct dividend on Al Waseela funds
Commercialbank has announced a 5% dividend payout on its flagship equity fund Al Waseela Funds. The funds have been available to investors since April 2007 and offer both a local and international tranche. They have delivered strong returns of 41% since inception, averaging a net return of 10% per annum. On the 5% dividend payout in June 2011, Commercialbank is offering investors the option of either encashing the dividends or reinvesting through additional units into the fund..............................................Full Article: Source
Print