December 03, 2008 17:14 PM |
KUANTAN, Dec 3 (Bernama) -- Permodalan Nasional Bhd (PNB) is confident of distributing between seven and eight percent dividend for unit holders of Amanah Saham Bumiputera (ASB) and Amanah Saham Nasional (ASN) despite the uncertain global economic environment.
President/chief executive officer, Tan Sri Hamad Kama Piah Che Othman, said PNB was expected to announcement the dividends for the two funds this month.
He said distributing the competitive dividends was possible based on PNB's previous record during the 1998 financial crisis.
"PNB, in its 28 years of existence, has never failed to pay a dividend.
"We hope to continue to pay the same rate of dividend like in the past," he said.
Hamad Kama Piah said this after handling over PNB's business zakat of RM2.35 million to the Tengku Mahkota of Pahang, Tengku Abdullah Sultan Ahmad Shah, who represented Pahang Islamic Affairs and Malay Customs Council (MAIP) here today.
On Nov 24, PNB declared a seven sen income distribution for Amanah Saham Nasional 3 Imbang for the financial year ended Nov 30, 2008.
He said the dividend rates of between seven and eight percent were considered high considering the present global economic crisis and the fall in share prices.
Hamad Kama Piah said PNB investments, especially those overseas, had been affected by the uncertain global conditions.
"PNB invests in share markets and big companies. If the companies suffered losses PNB will also be affected although not too badly," he said.
He said PNB currently has 19 million investors with investments of RM89 billion.
-- BERNAMA
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Azmi Shahrin
012-9198557
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