Abu Dhabi, UAE  (13 April, 2016)

NBAD MENA Dividend Leader Fund has announced a semi - annual dividend of over 2.65% for the period from 1st October 2015 to 31st March, 2016.

Eligible investors who had successfully subscribed into the Fund by 31st March, 2016 were entitled for a semi-annual dividend distribution which equals to 5.58% for USD share class, 5.56% for the AED share class, 5.37% for  the EURO share class and 5.59% for the DHABI (USD) Share Class of  the net asset value (NAV) as at 31st March, 2016. Accordingly, each unit in the Fund will receive a dividend payout of USD 0.130 for USD share class, AED 0.129 for the AED share class,  EUR 0.107 for the EURO share class and USD 0.907 for the DHABI share class .

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 14th April, 2016 and for those who have selected the cash payout option, the proceeds will be credited into their NBAD bank account by the 18th April, 2016.

NBAD's MENA Dividend Leader Fund invests in an array of stocks and equities across markets and exchanges. The fund aims to provide its clients with a regular income stream while investing in blue chip equities with relatively lower volatility. MDL Fund is UCITS- IV compliant and follows stringent risk spreading rules.

"The global economic environment continues to be a challenging with the knock-on impact on financial assets. In spite of such challenges, the fund is pleased to announce its semi-annual dividend distribution of 2.75%. The yield on the fund remains above 5.5%, backed by relatively stable earnings growth. The fund also has the credit of being the number one fund in the MENA region in the first quarter of 2016". Says Rameshwar Tiwary, Senior Fund Manager at NBAD's Global Asset Management.

 The fund investment process aims to capture attractively priced companies that have the ability & willingness to increase their dividend overtime and also offering the potential for capital appreciation.

NBAD's Global Asset Management manages assets in excess of AED 8.3 billion, making it one of the largest of its kind in the UAE.

-Ends-

About NBAD
NBAD has one of the largest networks in the UAE, with an expanding network of 114 branches and cash offices and more than 574 ATMs across the country. NBAD's growing international network consists of about 60 branches and offices in 16 countries stretching across five continents from the Far East to the Americas, giving it the largest global network among all UAE banks.

Since 2009, NBAD has been ranked consecutively as one of the World's 50 Safest Banks by the prestigious Global Finance magazine, which also named NBAD the Safest Bank in the Emerging Markets and the Middle East.

 NBAD is rated senior long term/short term AA-/A-1+ by Standard & Poor's (S&P), Aa3/P1 by Moody's, AA-/F1+ by Fitch, A+ by Rating and Investment Information Inc (R&I) Japan, and AAA by RAM (Malaysia) , giving it one of the strongest combined rating of any  Global  financial institution.

A comprehensive financial institution, NBAD offers a range of banking services including retail, investment and Islamic banking. NBAD grows strategically toward its vision to be recognised as the World's Best Arab Bank.

For more information please visit our corporate webpage at: www.nbad.com.

For further enquiries, please contact:
Michael Miller    
Head of Investor, Media & Public Relations 
Email: michael.miller@nbad.com
Tel: +971 2 611 2355 
Mobile: +971 50 619 7116 
                                                                         
Fadeela Khamis
Manager, Media & Public Relations
Email: fadeela.mohamed@nbad.com
Tel: +971 2 611 1511
Mobile: +971 56 616 2265                                                              

© Press Release 2016