Mubasher: KFH Capital, the investment arm of Kuwait Finance House (KFH), announced the launch of the first real estate investment trusts (REITs) to be traded on Boursa Kuwait under the name of KFH Capital REIT.
KFH Capital REIT will have a fixed capital of KWD 100 million, according to a recent press release.
The new investment reflects KFH Capitals’s efforts in diversifying investment opportunities, while offering new solutions to help customers achieve profitable revenue, hence, reflecting positively on the company’s footprint in the region.
The new fund aims to achieve cash return by attracting local real estate investments, KFH Capital's CEO, Abdulaziz N. Al Marzooq stated, noting that such income will be distributed to shareholders as monthly dividends.
As a manager to the new fund, KFH Capital plans to list its REIT unit on Boursa Kuwait in the future, thus, introducing another advantage to investors.
It is worthwhile noting that the minimum amount to invest in KFH Capital REIT is KWD 10,000 while the value of each unit amounts to KWD 1.
