SHUAA-managed Nujoom funds announce first dividend Sun 24th January 2021 | 11:15 AM
ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 24th Jan, 2021) SHUAA Capital today announced the first dividend for investors in two of its Sharia-compliant funds, offering a 1 percent cash dividend for the fourth quarter of 2020.
The dividend is first dividend from the funds and within three months of their launch and translates to a 6.4 percent dividend yield for the investors. The Nujoom Aggressive Fund and Nujoom Balanced Fund have both delivered a strong risk adjusted performance in their first three months, achieving an annualized rate of return of 9.0 percent and 11.9 percent respectively.
James Langton
A government-appointed task force is recommending sweeping changes to the framework and content of securities regulation in Ontario.
The provincial government released the final report of its Capital Markets Modernization Taskforce on Friday. The report sets out a series of recommendations that, if adopted, would radically alter securities regulation in Ontario.
Among other things, the task force called for a restructuring of the Ontario Securities Commission (OSC), including spinning out its adjudicative function, separating the chair and CEO roles, expanding its mandate to include promoting growth and even changing its name to the Ontario Capital Markets Authority.
Alongside the proposed restructuring of the commission, the task force recommended replacing the existing securities legislation with the Capital Markets Act, which was developed to facilitate the implementation of the cooperative capital markets regulator (CCMR) a proposed federal-provincial body t
James Langton
A government-appointed task force is recommending sweeping changes to the framework and content of securities regulation in Ontario.
The provincial government released the final report of its Capital Markets Modernization Taskforce on Friday. The report sets out a series of recommendations that, if adopted, would radically alter securities regulation in Ontario.
Among other things, the task force called for a restructuring of the Ontario Securities Commission (OSC), including spinning out its adjudicative function, separating the chair and CEO roles, expanding its mandate to include promoting growth and even changing its name to the Ontario Capital Markets Authority.
Alongside the proposed restructuring of the commission, the task force recommended replacing the existing securities legislation with the Capital Markets Act, which was developed to facilitate the implementation of the cooperative capital markets regulator (CCMR) a proposed federal-provincial body t
Masdar, ENBD partner for services to green REIT
ABU DHABI, January 20, 2021 Abu Dhabi-based Masdar, a subsidiary of Mubadala Investment, has partnered with Emirates NBD Asset Management to receive management services for the UAE s first sustainable real estate investment trust – the Masdar Green REIT. Together, Masdar Capital Management, a recently established FSRA Regulated Fund Manager, and Emirates NBD Asset Management bring significant experience and expertise in sustainable real estate and property asset management to the partnership. Masdar announced it was launching the REIT, the first in the UAE to invest solely in sustainable real estate projects, during Abu Dhabi Sustainability Week (ADSW) in January last year. The Masdar Green REIT has been established at Abu Dhabi Global Market (ADGM) as a Qualified Investor Fund (QIF) and offers an attractive opportunity for professional investors through private placement to invest in a unique portfolio of stable, income-produc