The Emirates NBD Fund - listed on the Nasdaq Dubai Stock Exchange - recommended distributing cash dividends to shareholders of $ 0.0204 per share for the six-month period ending March 31, 2020.
According to the Emirates News Agency, the fund confirmed in a statement that the value of its net assets on March 31, 2020 amounted to $ 230 million ... while the total value of the real estate portfolio reached 410 million Dollars, and the fund's real estate portfolio recorded an occupancy rate of 82% despite market conditions.
The fund management had decided to reduce the fees by 20 basis points until the date of December 31, 2020, which is equivalent to a total reduction of 13% on the fees.
The Emirates NBD Fund is a real estate trust fund in the UAE that operates in accordance with Islamic Sharia 2020, and its capital amounts to $ 296.77 million.
