Oryx Fund pays highest ever dividend to investors

Bank Muscat's Oryx Fund continues to reward its investors with a growing stream of dividend distributions and capital growth. The fund’s management approved a record high dividend distribution of 72bz per unit to be paid to the unitholders for the financial year 2023.

This marks the highest cash dividend ever paid by the Oryx Fund, underscoring the investor-focused approach adopted by the fund. With consistent dividend distributions, the fund has maintained its track record of increasing dividends every year.

In addition to regular income distributions through dividends, Oryx Fund has also rewarded its investors with attractive capital appreciation. It delivered a return of 29.2% for the one-year period ending December 31, 2023, compared to a 6.2% return by its benchmark, the S&P GCC Index.

Primarily investing in stock markets in the GCC region, Bank Muscat Oryx Fund boasts a consistent and proven track record of generating attractive returns over its 29-year history. It stands as one of the largest funds in the GCC region within its category and is regulated by the Capital Market Authority.

The Oryx Fund offers daily liquidity with no minimum holding period, allowing investors to sell their investments at any time and receive cash funds in their bank accounts within three days. The fund’s NAV is published daily on Bank Muscat’s website and the Muscat Stock Exchange’s website, enabling investors to track the value of their investments daily.

Bank Muscat Oryx Fund delivered 29.2% return for the year 2023, compared to a 6.2% return by its benchmark S&P GCC Index