22 April 2019
Al Ahli Gulf 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 9% based on the Net Asset Value (NAV) for December 31, 2018, with the dividend amounting to 90 fils per unit. 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 Gulf Fund outperformed the S&P GCC Composite Price Index for the year ended December 31, 2018. While the Index advanced 8.24% last year, the Al Ahli Gulf Fund rose 13.62% in the same period. We are proud of this performance and are pleased to make this profit distribution to our investors. The underlying investments of this fund are continually monitored, reviewed and changed to ensure the optimal selection to achieve the best risk adjusted returns. We believe this fund provides the opportunity for investors to invest in the GCC markets in a diversified manner.”
Due 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 is designed to achieve long-term capital growth while taking an acceptable level of risk. Al Ahli Gulf Fund was launched in November 2003 and has one of the longest track records among funds invested in GCC stocks.
For more information about ABK please visit eahli.com or contact an ABK customer service agent via ‘Ahlan Ahli’ at 1899899.