The Fund aims at realizing returns competing the short and medium term financial and traditional tools available in Kuwait market. In order to achieve the same, the Fund's capital shall be invested in financial and cash tools available inside Kuwait and abroad and shall include the Government legal speculation bonds and the ones issued by the institutions, banks or companies whether in Kuwaiti Dinar or in any other foreign currency, in addition to participating in the investment operations by guaranteeing the local and international financial and banking institutions through the bonds issued by those institutions in consideration of the same and participating in private and public issuances, including investment portfolios according to the rules and conditions mentioned in the Articles of Association.
Date of Establishment |
: |
01 April 2004 |
Type of Fund |
: |
Variable |
Currency |
: |
Kuwaiti Dinar |
Authorized Capital |
: |
From 5 to 100 million Kuwaiti Dinars |
Fund Manager |
: |
Al Dar Asset Management Company |
Fund duration |
: |
10 years |
Investment Trustee |
: |
Gulf Custody Company |
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Subscription |
Right of subscription |
: |
Open for all categories and nationalities inside the State of Kuwait and abroad |
Subscription |
: |
Weekly |
Minimum Subscription |
: |
3,000 units |
Subscription Fees |
: |
None |
Evaluation |
: |
Weekly |
Redemption |
Management Fees |
: |
1% annually from the total value of the assets |
Redemption |
: |
Weekly |
Minimum Redemption |
: |
None |
Redemption Fees |
: |
None |
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