Markaz Real Estate Fund
Real Estate | Jun 2002
Fund Objective
The objective of Markaz Real Estate Fund is to generate stable and recurring returns, in compliance with the Islamic Shari’ah, by investing in a portfolio of real estate properties within the state of Kuwait during the life of the fund.
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Fund Performance
Fund price performance
Rebased @1 KWD since inception
Occupancy Rate
Collection Rate
Keyfacts
KWD 72.02 Million
Net assets
KWD 1.26
NAV/Unit
Real Estate
Type
Kuwait Financial Centre K.P.S.C.
Fund manager
Jun 2002
Fund inception
10% of net fund income
Managerment Fees
2%
Subscription fees
0
Redemption fees
100 Units
Min. Subscription
Monthly
Fund valuation
Gulf Custody Company
Custodian
Pricewaterhouse Coopers Al-Shatti & Co.
Auditors
Portfolio Statistics
908
Number of Units
17
Number of properties
0.98%
Collection Rate (average of 12 months)
0.8782%
Occupancy Ratio (12 months average)
Fund Executive Committee Members
Bassam N. Al-Othman
Fund executive committee member
Milad Elia
Fund executive committee member
Khaled Al-Mubaraki
Fund executive committee member
Abdullatif Al Nusif
Fund executive committee member
