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Abu DHABI / WAM
Al Hilal Bank has announced the dividend payout of its Al-Hilal Global Balanced Fund. The Fund, which was launched in 2014, distributed a 17.78% dividend to all registered unit holders as of February 8, constituting 100% of the distributable income as verified by the Fund’s independent auditors.
Al Hilal Global Balanced Fund aims to generate appropriate periodic revenues on its investments, giving the investors a chance to receive periodic dividends, and achieve long-term capital growth by investing in a globally diversified portfolio of high dividend-yield stocks and Shariah-compliant fixed-income securities (Sukuk).