The net asset value (NAV) of the Daman United Arab Emirates (UAE) Value Fund increased to 154.86 Emirati dirhams ($42) in January, a rise of 3.82 percent from the post dividend net asset value of Dh 149.06 at the beginning of the month.
Daman UAE Value Fund is a closed-ended, offshore mutual fund focused on the UAE stock market. It was launched in 2001 with shares valued at a par value of Dh 100. The Fund commissions an independent audit of its NAV at the end of each month, and releases monthly NAV statements. The fund has announced ten quarterly dividends totaling Dh 23.2 per share, the most recent being Dh 2.75 per share for the fourth quarter of 2003.
Daman UAE Value Fund is a Mauritius-registered public company. The fund's governance structure is designed to ensure maximum transparency and accountability to shareholders. — (menareport.com)
© 2004 Mena Report (www.menareport.com)
