 | Wafra’s objective is to invest assets of this Fund in the Kuwait Stock Exchange, as well as to invest surplus in money market tools, with the objective to achieve higher returns with lower percentage of risk. |
Wafra’s objective is to invest assets of this Fund in the Kuwait Stock Exchange, as well as to invest surplus in money market tools, with the objective to achieve higher returns with lower percentage of risk.
‘Wafra’ pays high attention to selection of investment opportunities, in order to protect assets from market volatilities. It is undertaken through various investment tools having a reasonable degree of risk. With this in view, concentration will be made on companies with the following features:
Reasonable operational performance
Reasonable current returns
Continuous expected growth
Continuous trading
Low volatility
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: | 0.933 (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: | Manie Al Sanie, Qutaibah Al-Khurafi, Saud Al-Juwaied |
| Auditor: | Bader Al-Wazzan & Price Waterhouse Coopers |