Salah Al-Fulaij, NBK Capital's Chief Executive Officer, stated that the decision to list the funds was based on the demand that was seen from international investors to invest in the two funds, both of which have generated attractive returns since their inceptions.
The NBK Gulf Equity Fund, an investment fund which aims to generate absolute returns through investing in the GCC equity markets, appreciated by 53% since its inception in June 2005 until April 2008.
As for the NBK Qatar Equity Fund, it has appreciated by 56% since its inception in May 2006 until April 2008.
The signature of the listing agreement took place on Wednesday 28th May 2008, in the Bahrain Stock Exchange with Ali Ashkanani, the manager of both funds, and Fouad A. Rahman Rashid, Director of the Bahrain Stock Exchange, attending the ceremony.
The listing of both funds is in line with NBK's policy of applying global standards in the management of assets and investment funds. This listing also represents another step in NBK's strategy of strengthening its regional presence, as it will boost NBK's position as the leading regional financial institution that offers investment solutions in local and international markets.
NBK lists NBK Gulf Equity Fund and NBK Qatar Equity Fund on the Bahrain Stock Exchange
National Bank of Kuwait (NBK), a leading bank in Kuwait and the highest rated bank in the Middle East, announced the listing of NBK Gulf Equity Fund and NBK Qatar Equity Fund on the Bahrain Stock Exchange as of Thursday 29th May 2008.
- Kuwait: Tuesday, June 03 - 2008 at 15:11
- PRESS RELEASE
- ADD ARTICLE TO
-
Facebook
del.icio.us
Digg
Log in to request more information from National Bank of Kuwait (NBK)Notes and media contacts
Issued by NBK Capital- For more info, please contact PR Office on: Qutaiba AlRabeTel: 2246925-
Fax: 2246904
Posted by Lara Lynn Golden, News EditorTuesday, June 03 - 2008 at 15:11 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Index : Company News : National Bank of Kuwait (NBK)
Browse related articles
Browse related articlesToday's most read articles:
Disclaimer:
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AME Info Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AME Info Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AME Info Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AME Info Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
Web Feeds