KWD 43.91 Million

Net assets

KWD 5.12

NAV/Unit*

3.32 %

Year to date

*as of 18 Apr 2024

Fund Objective

Achieve long-term capital appreciation by investing in listed companies in Boursa Kuwait.

Fund Performance

Fund price performance vs benchmark

Rebased @1 KWD since inception

Benchmark changes:

• KIC Index since inception to 2012

• S&P Kuwait TR LCY from 2013

• S&P Kuwait Capped 10% TR LCY from 2014

• S&P Kuwait Domestic Liquid Capped Select Index TR KWD from June 2016

Keyfacts

KWD 43.91 Million

Net assets

KWD 5.12

NAV/Unit

Open-ended

Type

Kuwait Financial Centre K.P.S.C.

Fund manager

Jun 2001

Fund inception

1.75% of net fund income

Management Fees

-

Subscription fees

-

Redemption fees

100 Units

Min. Subscription

Weekly

Fund valuation

Gulf Custody Company

Custodian

KPMG Safi Al-Mutawa & Parters

Auditors

Portfolio

  • KFH.KW
  • NBKK.KW
  • AUBK.KW
  • ZAIN.KW
  • AGHC.KW
  • Industrials
    19.05%
  • Unquoted
    0.65%
  • System.Object
    0.09%
  • Basic Materials
    6.12%
  • Real Estate
    3.35%
  • Banking
    61.76%
  • Financial Services
    27.53%
  • Consumer Discretionary
    0.42%
  • Telcommunications
    8.49%
  • Insurance
    7.08%

Resources

Markaz MIDAF Fund - Factsheet as of 31 Mar 2024

Markaz MIDAF Fund - Factsheet Archive

Markaz MIDAF Fund - Articles of Association (A)

Markaz MIDAF Fund - Subscription Form

Markaz MIDAF Fund Appendix to Articles of Association

Fund Executive Committee Members

Ghazi Al Osaimi

Fund executive committee member

Ghazi Al Osaimi

Ahmed Al Shalfan

Fund executive committee member

Ahmed Al Shalfan

Fahad Al Rushaid

Fund executive committee member

Fahad Al Rushaid