Bank Muscat fund issues highest dividend yet

Investors in the Bank Muscat Oryx Fund are set to receive the biggest ever cash dividend issued by the fund.

The dividend works out at $166,219, up by almost 10% from the 2018 dividend of $150,636.

The asset manager claims that the dividend maintains its track record of cash dividend distribution to investors even during challenging market conditions.

Over the course of 2019, the fund delivered gains of 17.6% and is ranked as the largest Omani fund in its category and the second largest in the GCC.

The open-ended Oryx Fund is also one of the oldest mutual funds in the country having launched more than 25 years ago in September 1994.

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