KWD 71.14 Million

Net assets

KWD 1.35

NAV/Unit*

7.91 %

Year to date

*as of 31 Aug 2024

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 71.14 Million

Net assets

KWD 1.35

NAV/Unit

Real Estate

Type

Kuwait Financial Centre K.P.S.C.

Fund manager

Jun 2002

Fund inception

10% of net fund income

Management 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

0.9862%

Collection Rate (average of 12 months)

0.8976%

Occupancy Ratio (12 months average)

Resources

Markaz Real Estate Fund - Factsheet as of 31 Aug 2024

Markaz Real Estate Fund - Factsheet Archive

Markaz Real Estate Fund - Presentation

Markaz Real Estate Fund - Articles of Association

Markaz Real Estate Fund - Subscription Form

Markaz Real Estate Appendix

Fund Executive Committee Members

Ghazi Al Osaimi

Fund executive committee member

Ghazi Al Osaimi

Milad Elia

Fund executive committee member

Milad Elia

Khaled Al-Mubaraki

Fund executive committee member

Khaled Al-Mubaraki

Important info

  • Fund manager: Kuwait Financial Centre K.P.S.C "Markaz". Kuwait City, Al Mirqab, Al Soor Street, Burj Alshaya, Floor 8, Tel: +965 2224 8000, P.O. Box 23444, Safat 13095, State of Kuwait
  • Fund Executive Committee Members: Ghazi Al Osaimi, Milad Elia, Khaled Al-Mubaraki 
  • To get a copy of the Fund’s Articles of Association, the subscription form and the financial statement of the fund, please visit our website: www.markaz.com

Disclaimer

This announcement is prepared for promotional purposes and has been approved by Markaz. This announcement does not disguise, diminish, or obscure important items from the investment subject of promotion. Investments in funds are subject to market risks. There can be no assurance or guarantee that the investment will produce any returns. Prospective Investors must therefore be aware of and understand that such investment carries a significant degree of risk of loss of their capital; the dividend rate cannot be predicted or guaranteed. Past performance is not a reliable indicator of future performance. Before investing, prospective investors must carefully examine the Articles of Association and all Fund-related documents to be aware of the investment methods, including the merits and risks involved.