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Kuwait, 14 September 2009 - Kuwait Finance House (KFH) continues to be resilient in activities undertaken by the Bank. Funds owned and operated by KFH, in both local and global markets have continued to achieve profitable results. This has translated into lucrative investments for its stakeholders. Mr. Talal Al-Nesf, Manager, VIP Financial Services Department said, “The results are testimony of KFH's policy on targeting only prime assets that offer value added returns. In addition, to ensure apt investments, KFH also conducts comprehensive studies and analysis for each of them, to ascertain they yield profitable results and minimum risks.”
He added, “KFH owned, Asian real estate fund realised a profit of 40% over a three-year period, after having distributed 6% to its investors, subsequent to which the fund was liquidated. In addition, KFH’s local real estate portfolio in Kuwait, will soon be distributing its quarterly profit of 6%, which is paid out annually. It is also worth noting that the KFH real estate fund in Turkey was extended after having offered 10 %, in annual distributions.”
Al-Nesf further explained, “The Asian Real Estate fund was established to develop the largest residential and commercial complex in Malaysia, called the Pavilion, located in Kuala Lumpur. This fund offered 6% as capital profits before being liquidated. In addition, its capital reached USD 100 million after three years of investments, where it distributed 9%, annually and achieved 16% as capital profits, when exiting. This translates into 40% of total profits for its shareholders.” He added, “The KFH real estate portfolio was established during the second quarter of 2009, and its KD 50 million capital was invested in commercial and investment real estate, in Kuwait. It is expected that the portfolio will distribute a quarterly profit of 6 %, which is meant to be paid out every year, before the end of this month.” The five year portfolio consists of seventy commercial and investment real estate located around Kuwait.” He further added, “These distributions are evidence of the noteworthy performance of KFH's funds, renowned for generating high returns.”
He further commented on the Al-Nibras 2 Fund, “The fund was established to develop Medini Iskandar City - one of the largest real estate projects in Malaysia and South East Asia with USD 15 billion in investments, and declares an 8% annual return for its shareholders.” He further highlighted, KFH has extended the operating period of its real estate fund in Turkey, owing to its first-rate performance, and an annual return of 10 % for its shareholders. The fund is for renting 60,000 square metres of warehouse space, which is further rented to logistic companies for a minimum of five years. This ensures regular cash flow from the rental.” He also added that the fund was designed as a unique investment product for KFH – Turkey, tailored specifically for the demands of the Turkish market. He said, “The assets under the fund are strategically located near Ataturk International Airport, - a location in demand by those in the shipping and storing industry.”
He added, “KFH owned, Asian real estate fund realised a profit of 40% over a three-year period, after having distributed 6% to its investors, subsequent to which the fund was liquidated. In addition, KFH’s local real estate portfolio in Kuwait, will soon be distributing its quarterly profit of 6%, which is paid out annually. It is also worth noting that the KFH real estate fund in Turkey was extended after having offered 10 %, in annual distributions.”
Al-Nesf further explained, “The Asian Real Estate fund was established to develop the largest residential and commercial complex in Malaysia, called the Pavilion, located in Kuala Lumpur. This fund offered 6% as capital profits before being liquidated. In addition, its capital reached USD 100 million after three years of investments, where it distributed 9%, annually and achieved 16% as capital profits, when exiting. This translates into 40% of total profits for its shareholders.” He added, “The KFH real estate portfolio was established during the second quarter of 2009, and its KD 50 million capital was invested in commercial and investment real estate, in Kuwait. It is expected that the portfolio will distribute a quarterly profit of 6 %, which is meant to be paid out every year, before the end of this month.” The five year portfolio consists of seventy commercial and investment real estate located around Kuwait.” He further added, “These distributions are evidence of the noteworthy performance of KFH's funds, renowned for generating high returns.”
He further commented on the Al-Nibras 2 Fund, “The fund was established to develop Medini Iskandar City - one of the largest real estate projects in Malaysia and South East Asia with USD 15 billion in investments, and declares an 8% annual return for its shareholders.” He further highlighted, KFH has extended the operating period of its real estate fund in Turkey, owing to its first-rate performance, and an annual return of 10 % for its shareholders. The fund is for renting 60,000 square metres of warehouse space, which is further rented to logistic companies for a minimum of five years. This ensures regular cash flow from the rental.” He also added that the fund was designed as a unique investment product for KFH – Turkey, tailored specifically for the demands of the Turkish market. He said, “The assets under the fund are strategically located near Ataturk International Airport, - a location in demand by those in the shipping and storing industry.”
