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. 

Send us your press releases to pressrelease.zawya@refinitiv.com

© Press Release 2020

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.