Bank Muscat Oryx Fund distributes highest ever dividend of 72 baizas per unit to its investors for FY 2023

Bank Muscat Oryx Fund continues to reward its investors with a growing stream of dividend distributions and capital growth. The Fund’s management body, in its meeting held on February 18, 2024, approved a dividend distribution of 72 Baiza per unit to be paid to the unitholders for FY 2023. This is the highest cash dividend paid so far by the Fund, which highlights the investor-focused approach followed by the Fund.

The Fund rewards its investors with consistent dividend distributions and it has maintained its track record of growing dividend every year.

In addition to the regular income distributions (through dividends), the Fund has also been rewarding its investors with attractive capital appreciation. Oryx Fund has delivered a return of 29.2% for the one-year period ended December 31, 2023 against a return of 6.2% by its benchmark i.e. S&P GCC index. The Fund has been delivering consistent performance across all periods.

Bank Muscat Oryx Fund primarily invests in stock markets in the GCC region and has a consistent and proven track record of generating attractive returns for 29 years. The Fund is one of largest funds in GCC region within its category and it is regulated by the Capital Market Authority as per the applicable laws and regulations in Oman. The Fund clearly stands out as an attractive investment choice for prospective investors with a medium to long term view.

Bank Muscat Oryx Fund offers daily liquidity with no minimum holding period. Investors may choose to sell their investments anytime and receive cash funds in their bank accounts within 3 days. The Fund’s NAV is published on a daily basis on Bank Muscat’s website and on Muscat Stock Exchange’s website, so that investors can track the value of their investments on a daily basis. Investors can invest and redeem their investments in Bank Muscat Oryx Fund through Bank Muscat’s Mobile Banking and Internet Banking platforms. The investors can subscribe for the Fund with a minimum subscription amount of OMR 50. Investors may also choose to invest every month by subscribing to the Systematic Investment Plan (SIP) option by filling in the application form and submitting it to Bank Muscat’s Asset Management team. Interested investors may contact the team of the Fund through email at assetmanagement@bankmuscat.com.

Please refer to the prospectus of Bank Muscat Oryx Fund available on www.bankmuscat.com to understand the Fund’s details including key terms and conditions. Investors are also requested to refer to the key risk factors highlighted in the prospectus. It should be noted that the mutual fund returns are subjected to market performance and past performance doesn’t guarantee future performance.