Oman Fixed Income Fund (OMFI), the largest Omani fund of over OMR100 million, announced another year of record operating and financial performance in 2012.
With two distributions in 2012, the fund made annualised distribution of 8.9 per cent on its paid-up capital in the year. During 2011, the fund had made annualised distribution of 7.7 per cent of its paid-up capital. The objective of the fund is to generate return above long-term fixed deposits and the fund has been successfully achieving its objectives since inception.
The fund is the only fund in the region with a mandate to invest in subordinated/ mezzanine securities. At the recently held meeting of the Fund Management Board, the board members approved the audited financial statements for year 2012.
Read more: http://www.timesofoman.com/News/Article-12215.aspx
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