Riyadh – Mubasher: The board of Al Awwal Food and Health Care Fund that is managed by Alawwal Capital Co. approved the distribution of cash dividends to shareholders.
The dividends will represent 2.5% of the net value of the fund's assets for the second half of the fiscal year of 2016.
The fund’s performance exceeded 3% in 2016, although the shares’ market was not stable during this period and the fund’s index fell 2.66%, according to a bourse filing on Thursday.
The real estate fund is one of the investments' options through acquiring real estate opportunities that can generate income aiming to achieve periodical revenues and raise the investment value.
Al Awwal Capital CEO, Faisal Malaika, said in a statement that the investment strategy of the fund focuses on investing in the defense companies that are expected to achieve positive growth rates.
