Higher yield from HSBC products

HSBC Saudi Arabia Limited has announced that the board of directors of HSBC Amanah Sukuk Fund and the board of directors of HSBC Amanah GCC Equity Income Fund have approved distribution of dividends.
The board of HSBC Amanah Sukuk Fund approved a dividend payment of $ 0.06 per unit for the quarter ended March 31, 2013 translating in an annualized yield of 2.5 percent at par value.
Similarly, the board of HSBC Amanah GCC Equity Income Fund approved a dividend payment of SR 0.25 per unit for the six months ending March 31, 2013 translating in an annualized yield of 5.0 percent on par value.
The dividends will be paid, as per the terms and conditions of the funds, to the unit-holders of record on the last valuation dates of March 2013 for each Fund.
Both funds are open ended and are managed by the asset management team at HSBC Saudi Arabia Limited.
Osama Shaker, managing director and head of Financial Markets at HSBC Saudi Arabia Ltd., said: “We are pleased with the distribution of dividends for the two funds, which reflects our strong commitment to deliver superior investment solutions and services to
our clients via our dedicated
team of investment prof-
essionals.”