Al Ahli Bank Of Kuwait Fund

Al Ahli Bank of Kuwait (ABK) offers retail and commercial banking services. The bank offerings include various types of accounts, deposits, and cards. ABK provides loans, letters of credit and guarantees, and payment services, with particular emphasis on financing construction, real estate, and trade finance.

Executive summary

Fund nameAl Ahli Kuwaiti Fund
Fund objectiveTo achieve capital growth through investing in Kuwait Stock Exchange companies by realizing capital returns above the market average.
Fund managerAhli Capital Investment Company K.S.C.C.
CustodiansKuwait Clearing Company
Management fees1.5% annually
AuditorsDeloitte & Touche, Al Wazzan & Co.
Launch date2nd February 2003
ParticipationOpen to all nationalities
Subscription / RedemptionMonthly
Minimum subscriptionOne thousand units
Unit valuationNAV of last day of the month
Performance+161.13% (since inception)
+7.27% (YTD 22)
-6.35% (MTD 22)
Net asset valueKD 0.9986949 (As on 30-6-22)
Next dealing date28-7-22

Dividends

YearCashBonus
2003180 fils–
200470 fils–
2005105 fils15.6%
2006120 fils–
2007160 fils–
200960 fils–
201080 fils–
201250 fils–
201754 fils–
201854 fils–
2019–8%