Daman Funds Declare Record Dividends

Q1 2014 Performance Surpasses Expectations

DUBAI, UAE, May 7th, 2014: Daman Investments PSC, one of the leading UAE-based regional investment management companies, announced today dividends for the first quarter of 2014 on all its funds:

Fund Net Asset Value
as of March 31, 2014
Q1 2014
Dividend in AED
Annualized 2014
Dividend Yield
Q1 2014 Performance
Daman Second Emirates Fund 198.53 6 12.09% 38.02%
Daman Islamic Fund 158.94 4 10.07% 21.82%
Daman Speculator Fund 123.77 3 9.70% 19.64%
Daman Fifth Fund 255.52 10 15.65% 69.81%
Dubai Financial Market 2.09% 32.08%
Abu Dhabi Securities Market 3.45% 14.08%


The flagship Daman Second Emirates Fund will be paying out a record 17th consecutive quarterly dividend. Daman Funds continue to be the leading dividend yielding funds in the GCC arena with annualized dividend yields in the double digits, vastly higher than current market dividend yields.

Daman Funds have had a stellar performance during the last twelve months. The Daman Fifth Fund in particular has been the top performing fund in the region with a trailing twelve month return of +145% outperforming ESCA’s Index which has done +74% over that same time period.

Daman Second Emirates Fund, Daman Speculator and Daman Islamic Fund have also displayed robust performances coming in at +71%, +73% and +68% respectively during the last twelve months.

The Funds’ performance has been in line with Daman’s investment philosophy which aims to achieve capital appreciation and attractive dividend yields for its investors.

Daman Funds have achieved these superior returns through its thorough investment strategies. Daman adheres to stringent risk management guidelines while keeping a vigilant eye on returns.

The investments in the funds have been in specific sectors which provide the greatest potential upside whilst diversifying the risk.


Commenting on the announcement, Mr. Shehab Gargash, Managing Director of Daman Investments PSC said, “The UAE markets have continued to display outstanding performance and we aim to continue being the top dividend yielding funds family in the region”

Mr. Shehzad Janab, Head of Asset Management and Advisory of Daman Investments PSC said, “Our funds have had a record performance this quarter and our dividend yields far surpass our respective peer group and the market as a whole.”

About Daman Investments PSC 
Daman Investments PSC (“Daman”) is a private joint stock company based in Dubai, UAE. From its early beginnings in 1998, the group has grown rapidly into a non-bank financial services company now widely recognized as an authority in its core markets, the Gulf Cooperation Council (GCC) and Iraq.
Known for offering innovative investment products and services to both regional and international clients, Daman provides investment management and development capital investment opportunities as well as brokerage operations through its subsidiaries. Daman is committed to the principles of ethical business practice and operational transparency. All Daman’s various operations are regulated by the United Arab Emirates Central Bank, the Securities and Commodities Authority (SCA) and the Dubai Financial Services Authority (DFSA).

For further details please contact:
Daman Corporate Communications

Nadimeh Mehra
Tel: +971 4 332 41 40
Fax: +971 4 332 42 40
[email protected]