Tadhamon Capital has announced an early exit from and liquidation of the 'Tadhamon Aviation Equipment Fund' delivering dividends to investors.

Proceeds from the exit were not disclosed, said a report in the Gulf Daily News (GDN), our sister publication.

The fund was launched in 2012 to finance the purchase of an Airbus A330 simulator costing $13.5 million, which was leased to Gulf Aviation Academy (GAA) for five years.

Using the simulator, GAA provided flight training programmes and attracted many airlines, thereby diversifying sources of income.

Tadhamon Capital's director of treasury Maisarh Yaseen said the fund was able to achieve 'attractive and stable returns to investors within a 27-month period'. - TradeArabia News Service