The UAE company, Shuaa Capital, announced the distribution of the first cash dividends to investors in two Sharia compliant funds, where it will distribute cash dividends of 1% for the last quarter of the year 2020.
According to Arabiyanet, these are the first cash dividends for the two funds 3 months after their launch, and represent a 6.4% return to investors.
The Active Nojoom Box and Nojoom Balanced Fund showed strong risk-adjusted performance during the first three months of their launch, with annual returns of 9% and 11.9%, respectively.
The two active and Nujoom Balanced Nujoom funds, which were launched in the Abu Dhabi Global Market in October 2020, are investing in a global portfolio of Sharia-compliant stocks and fixed income investments. , And money market instruments.
These funds launched initial commitments of $ 75 million and continued to attract investor interest during the first three months of their launch.
After the launch of the Nojoom funds, the size of the Shuaa investment funds according to the Integrated Cell Companies (ICC) structure and their discretionary managed portfolios exceeded the $ 100 million threshold by December 31, 2020. p>
