NBK, real estate fund
Kuwait: Sunday, November 12 - 2006 at 08:04
The National Bank of Kuwait has launched the shariah compliant Islamic European Real Estate Fund. The euro denominated fund is a long-term investment vehicle designed to achieve an expected internal rate of return of 12-15% per annum; investments will be made in a portfolio of office, retail, warehouse and residential properties with an emphasis on the German market. Subscription ends on November 23 and the minimum investment is 250,000 euros.
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Jonathan Sheikh-Miller, Deputy EditorSunday, November 12 - 2006 at 08:04 UAE local time (GMT+4)
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This Article was updated on Tuesday, March 27 - 2007
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