April 29 2018
The Fund outperformed the Kuwaiti Weighted Index over twelve months
Al Ahli Kuwaiti Fund, managed by Ahli Capital Investment Company (ACIC) -the investment arm of Al Ahli Bank of Kuwait (ABK)- today announced the distribution of dividends for the financial year ended December 31, 2017 (FY17) by 6.5% of NAV at 54 Fils per investment unit.
Commenting on these excellent results, Mr. Muhsen M. Alharbi, Chief Executive Officer of Ahli Capital Investment Company said: “Al Ahli Kuwaiti Fund outperformed the Kuwaiti Weighted Index for the year ended December 31, 2017 by 3.2%, as the Fund’s performance recorded 8.81% compared to 5.61% for the Kuwaiti Weighted Index.
“The Fund is an open-ended Kuwait Dinar denominated investment fund with a variable capital which is increased by issuance of new investment units or decreased by redemption of some of its units within the period set in its Articles of Association. It aims to achieve long-term capital growth by investing in securities to realize returns and profits from market proceeds, while taking an acceptable risk level. It also allows investors to enter and exit investment on monthly basis,” Al Harbi added.
For more information about Ahli Capital Investment Company, please visit the website: ahli-capital.com or contact the Company on 1832832.