| Wafra Bonds
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 | This Fund provides investors opportunities to diversify portfolio assets, to select investment tools and to subscribe in high quality bonds. Besides this, the Fund has many advantages, foremost of which is to achieve capital returns from trading bonds, monthly fixed coupons and monthly liquidity. Moreover, Wafra Bond Fund aims to achieve higher returns from three-month KD deposits, as well as money market fund returns. | | | |
Fund Terms | Capital: | Variable capital ranging from KD 5 million to
KD 100 million | | Number of Units: | 5 million to 100 million | | Price of Unit: | 1 KD | | NAV: | 1.063 (as at 30th September 2010) | | Expected life of Fund: | 10 years | | Participation of Fund Manager: | Ranging from minimum 5% to 75% as a maximum from Fund capital. | | Percentage of Participation: | 1000 units as a minimum & 75% of Fund’s capital as a maximum. | | Subscription & Redemption: | Monthly | | Administration Team: | Nasrallah Al-Nasrallah, Manaf Al-Omani, Ashraf Tanago | | Auditor: | Moore Stephens Al-Nisf & Partners |
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