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Itqan Capital's real estate fund pays out 3.75 per cent dividends.

Itqan Capital paid out 3.75 per cent in dividends to its Real Estate Income Fund-I investors on 26th September, representative of the first half of the second year of operations and consistent with its first year's payout.

According to Adil Saud Dahlawi, Managing Director and CEO of Itqan Capital, REIF-I have distributed to investors 3.75 per cent in dividends in first half of the year. "The fund continues to accomplish its objectives by investing in and managing a number of income generating Shari'ah-compliant real estate projects in prime locations across major cities in the Kingdom," he said. "We forecast that the fund will achieve an internal rate of return of 9-11 per cent per annum inclusive of semi-annual distributions throughout its life," he added.

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Publication:CPI Financial
Date:Oct 3, 2013
Words:140
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