Al Rayan Investment announces 2022 dividend for Al Rayan GCC Fund of 5.1%
Doha, March 7th, 2023
Al Rayan GCC Fund pays 5.1% dividends to its investors for 2022.
Al Rayan Investment, the Fund manager of Al Rayan GCC Fund, is pleased to announce that, for year 2022, it has paid total dividends of QAR 0.113 per unit to the investors of Al Rayan GCC Fund. The dividend was paid in two tranches, QAR 0.063 per unit was paid in July 2022 and QAR 0.050 dividend per unit in January 2023.
The total dividend paid for 2022 (QAR 0.113/ unit) represented 5.1% of each unit held by investors. The unit value as of December 31st, 2022 was QAR 2.219/ unit.
“We are delighted to distribute such healthy dividends in 2022, supported by very strong performance of Al Rayan GCC Fund of more than 11%. The fund assets continued to grow steadily and we thank the fund investors for their longstanding support and trust,” Haithem Katerji, Chief Executive Officer of Al Rayan Investment LLC (the Fund Manager) commented.
Net of all fees, the fund delivered total returns to investors of more than 11% in 2022. In contrast, Gulf equity markets fell more than 4% during the year. Al Rayan GCC Fund is not only one of the largest regional Shari’a-compliant GCC fund, but was also, by far the best performing in 2022.
Since inception in 2010, the fund has gained more than 140%, net of all fees, which equates to an annualized return in excess of 7%. Al Rayan GCC Fund invests in Shari’a-compliant, listed equities and sukuk in the GCC countries.
“Being one of the few asset managers in the region with expertise in both sukuk and listed equities, enables us to seize opportunities across both asset classes for the benefit of all our investors”, explained Akber Khan, Senior Director of Asset Management. “The team remains committed to targeting strong and consistent returns for investors.”
Subscriptions to the fund are open to individual and institutional investors of all nationalities, living in the State of Qatar or outside. The minimum initial investment for an individual investor is QAR 35,000, with no minimum holding period. Further information is available from Masraf Al Rayan branches, call centre or website*.
Masraf Al Rayan in its capacity as the Founder of the fund, launched Al Rayan GCC Fund in May 2010. At the time, Masraf Al Rayan appointed multi-award winning, Doha-based, Al Rayan Investment LLC, as the fund manager.
Al Rayan Investment
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Masraf Al Rayan is regulated by Qatar Central Bank
Al Rayan Investment is authorized by the Qatar Financial Centre Regulatory Authority and is licensed by the Qatar Financial Markets Authority
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