|09 February, 2020

CMA lists 1st REIT Fund on Boursa Kuwait

KFH Capital Reit Fund vests mainly in income-generating real estate assets in various sectors in Kuwait

Image used for illustrative purpose. Kuwait, elevated view of the modern city skyline and central business district.

Image used for illustrative purpose. Kuwait, elevated view of the modern city skyline and central business district.

Getty Images/Gavin Hellier

Mubasher: Kuwait's Capital Markets Authority (CMA) on Saturday approved a request to list KFH Capital Reit Fund on the Boursa Kuwait as the first real estate yield generating fund, according to the Kuwait News Agency.

This approval gives rise to a new investment product that allows investment in real estate assets and generates a periodic income on the fund's assets to benefit from the income of these properties by up to 90% of operating income, CMA said.

The new fund is a part of KFH Capital's endeavours to diversify investment opportunities for its customers and strengthen the company's position as the best investment destination in the region.

Moreover, KFH Capital Reit Fund vests mainly in income-generating real estate assets in various sectors in Kuwait, among them the investment, commercial, and industrial sectors.CMA lists 1st REIT Fund on Boursa Kuwait

Source: Mubasher

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