21 April 2019
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 year ended December 31, 2018 (FY18).
Investors will receive 6.5% based on the Net Asset Value (NAV) for December 31, 2018, with the dividend amounting to 54 fils per unit, the same as in 2017. All unit holders of the Fund as of April 1, 2019 will be eligible to receive the dividend.
Muhsen M. AlHarbi, Chief Executive Officer of Ahli Capital Investment Company said: “Al Ahli Kuwaiti Fund has been in existence for more than 16 years and while it has witnessed different challenging economic cycles, we always aim to offer significant value to our investors. While the Kuwaiti All Shares Index resulted in a performance of 5.16%, the Al Ahli Kuwaiti Fund was up at 7.49% for 2018. We are proud of this performance, and we are pleased to make this profit distribution to our investors. This fund provides investors an opportunity to participate in Boursa Kuwait in a diversified manner.”
Owing to its open-ended structure, the fund allows investors to enter and exit monthly. The minimum subscription requirement of only 1000 units allows investors to participate in the fund with small values. The Fund aims to achieve long-term capital growth while taking an acceptable level of risk. Al Ahli Kuwaiti Fund was launched in February 2003 and has one of the longest track records among funds invested in Boursa Kuwait.
For more information about ABK please visit eahli.com or contact an ABK customer service agent via ‘Ahlan Ahli’ at 1899899.