Abu Dhabi - First Abu Dhabi Bank’s NBAD Sukuk Income Fund has earned dividend income equivalent to USD 816,662.02 which equates to an annualised yield of 2.44% during the period from 15th December, 2016 to 5th July, 2017.
Eligible investors who had successfully subscribed to the Fund by 5th July, 2017 were entitled to a semi-annual dividend distribution which equals to 2.222% of the net asset value (NAV) of the fund as at 5th July, 2017. Accordingly, each unit in the Fund will receive a dividend pay-out of USD 0.106747866.
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 12th July, 2017 and for those who have selected the cash payout option, the proceeds will be credited into their FAB bank account by the 30th July, 2017.
FAB’s Global Asset Management manages assets in excess of AED7.05 billion, making it one of the largest of its kind in the UAE.
About First Abu Dhabi Bank (FAB)
FAB, the UAE’s largest bank and one of the world’s largest financial institution offers an extensive range of tailor-made solutions, and products and services, to provide a customised experience. Through its strategic offerings, it looks to meet the banking needs of customers across the world via its market-leading Corporate and Investment Banking and Personal Banking franchises.
Headquartered in Abu Dhabi in Khalifa Business Park, the bank’s international network spans over 19 countries across the world, providing the global relationships, expertise and financial strength to support local, regional and international businesses seeking to do business at home and abroad.
In line with its commitment to put customers first, to Grow Stronger, FAB will continually invest in people and technology to create the most customer-friendly banking experience, and will support the growth ambitions of its stakeholders across countries in which the bank operates.
To empower its customers and clients to Grow Stronger, FAB is initiating a powerful movement, which goes beyond banking. The Grow Stronger movement represents the bank’s promise to support its stakeholders’ goals and growth ambitions, providing ideas, tools and expertise to help them become stronger, today and in the future.
Based on pro-forma financial information as at June-end 2017, FAB had total assets of AED 625 Billion (USD 170 Billion). FAB is rated Aa3/AA-/AA- by Moody’s, S&P and Fitch respectively, the strongest combined ratings of any bank in the MENA region. Through a strong, diversified balance sheet, leading efficiency and a solid corporate governance structure in place, FAB is set to drive growth forward.
For further information, visit: www.bankfortheuae.com
For investor-related queries, please contact FAB Investor Relations team on ir@nbad.com
You may also visit the Investor Relations section of our corporate website: www.nbad.com/ir
or download FAB Investor Relations app on iOS or Android
© Press Release 2017
