CMH COMPLETES SECOND DISTRIBUTION OF DIVIDEND

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By TESTCustomwebLP TESTCustomwebLP August 11, 2011 08:18

CMH COMPLETES SECOND DISTRIBUTION OF DIVIDEND

Capital Management House (CMH), the Bahrain based investment bank, has announced that it has made the second distribution of dividends to GCC investors of its aircraft leasing investment fund for the period ending 30 June 2011. Dividends for investors in the fund, which include a number of high net worth individuals, family offices and institutions from across the region, are paid on a quarterly basis and have been calculated at 10% per annum.

The fund has been structured around a sale-leaseback transaction concluded with Emirates Airlines for one Boeing 777-200ER. The deal was undertaken in partnership with Novus Aviation and Muzun Partner.

Commenting on the announcement, Mohamed Aljasim, Chief Investment Officer of CMH, said: “We are pleased to announce the second payment of dividends to our investors across the region for our aviation leasing fund. This fund has provided investors with a unique opportunity to benefit from growth in the global aviation sector and in particular that of the industry in the Middle East region, which represents one of the fastest growing travel hubs in the world today. The success of this transaction and of our strategy of investing in income yielding assets continues to deliver steady and predictable cash flows for the Bank and our investors.”

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By TESTCustomwebLP TESTCustomwebLP August 11, 2011 08:18
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