Al-Osaimi: “Listing will contribute to the diversification of investments and entice more investors to the Kuwaiti capital market
Kuwait: Boursa Kuwait announced the listing of "KFH Capital REIT" starting Tuesday, September 1, 2020, which is the first local real estate investment trust (REIT) to be listed in the Kuwaiti capital market. The listing reaffirms Boursa Kuwait's commitment to provide all issuers and investors with a variety of products and services to meet the needs of all market participants.
Boursa Kuwait Chief Executive Officer Mr. Mohammad Saud Al-Osaimi commented on the occasion, saying, “We are pleased to welcome the listing of “KFH Capital REIT”, which reflects Boursa Kuwait’s ability to offer issuers an effective, credible and transparent platform for their investments, in addition to the variety of high quality, international best-in-class products that the bourse offers for both issuers and investors. Boursa Kuwait’s role is to provide a platform, compliant with Sharia as per the Articles of Association of each REIT, investing in real estate and generating operational profit from properties through rent, which is then distributed to unit holders on a timely basis, depending the on real estate portfolio.
Al-Osaimi added, “This marks the second listing this year after the inclusion of “Shamal Az-Zour Al-Oula Power and Water Company” on the “Premier Market” and is the first listing of a REIT since the launch of phase three of the Market Development plan (MD3). We have no doubt that this listing will contribute to the diversification of investments as well as entice more investors to the Kuwaiti capital market.”
Boursa Kuwait launched Real Estate Investment Trusts (REITs) as part of the first part of the third phase of its Market Development plan (MD3), showing its commitment to enhancing the Kuwaiti capital market and enabling it to become an attractive investment destination for local and foreign investments.
© Press Release 2020