DOHA: The Qatar Investment Fund’s (QIF) net asset value per share (NAV) rose to 14.85 percent to $1.16 for the year ended June 30, 2013. QIF is the London-listed fund established to invest in opportunities in Qatar and the GCC.
Nick Wilson, Chairman of the QIF said yesterday: “During the twelve months, shareholders enjoyed a total return of 19.3 percent.
The NAV rose 14.85 percent to $1.16, which compares with a rise of 14.18 percent in the Qatari stock market and a 0.32 percent rise in the MSCI Emerging Market Indiex.”
According to Nick QIF’s shares rose 15.9 percent and shareholders additionally received a dividend of 3.0c per share paid on January 30, 2013, making a total return of 19.3 percent.
“Our costs fell below 2 percent to 1.93 percent fulfilling the aim of my late predecessor, david von Simson. The cost reduction was achieved through renegotiations with several service providers and cuts in other expense”, he noted.
On the proposed dividend he said for the twelve months, the Board proposes to pay a dividend of 3.2 cents per ordinary share against 3.0c paid in 2012. If approved, the dividend will be paid in January 2014.
The Peninsula
