MUSCAT, 3 March 2010 – Oryx Fund, managed by the Asset Management Division of BankMuscat, will distribute a cash dividend of 50 baisa per unit for the financial year 2009. The annual general meeting (AGM) of the unitholders of Oryx Fund approved the dividend payout.

Oryx Fund, rated AA by Standard & Poor’s, was launched in July 1994 and is regulated by the Capital Market Authority. The main objective of the open-ended fund is to achieve long-term capital appreciation through a diversified portfolio, principally of equity and equity-related investments in companies listed on the Gulf Co-operation Council (GCC) stock markets. The fund has consistently outperformed its benchmark and offers daily subscription and redemption.

BankMuscat Asset Management is one of the largest fund managers in the region. With a dominant position in Oman, BankMuscat offers a variety of funds investing in Oman, GCC countries and India. In addition, the Asset Management Division also manages structured products, hedge funds, private equity funds and a real estate fund investing in Oman. The division offers discretionary portfolio management service to suit varied clients, including pension funds, global funds, high net worth individuals, corporations and other entities.