KFH liquidizes its investments in 1st KFH Fund for Asian Real Estate

The fund has distributed quarterly cash profit with 9% per annum rate to investors since the beginning of the fund in 2006. This is rendered a positive indicator, especially during the circumstances that the global economy is witnessing.

The International Real Estate Manager Ali Al-Ghannam stated that this deal follows KFH's investment strategy in selecting prime investment opportunities at the suitable time through thorough feasibility studies in the markets that it operates in, where the Asian market is rendered one of the promising markets that KFH approached more than 5 years ago, when KFH-Malaysia was established and became one of the pillars of the Malaysian economy. Moreover, KFH-Malaysia tied the Malaysian economy to the Asian and Pacific markets one the one hand, and to Kuwait and the GCC on the other.

Furthermore, Al-Ghannam stressed KFH's keenness on achieving the best returns for its clients, and reinforcing the mutual trust between them through prime investment opportunities. Liquidizing some investment opportunities achieves not only high returns, but also a great deal of safety for the clients' investments, which is at the top of KFH's priorities.

Regarding the projects that the fund established during the investment period, Al-Ghannam announced that building the 2 residential towers called Pavilion Towers, was the most prominent, since they contain 368 residential units in the capital Kuala Lumpur. These towers are one of the tourism attraction buildings in Malaysia. In addition to that, the fund developed and rented the biggest shopping mall in Malaysia that is located on 128,000 m2.

Asia, the Promising Market

Al-Ghannam said that KFH's investment activities will continue in the Asian market, where KFH-Malaysia is currently handling the project of developing Iskandar development region (IDR), which is rendered the biggest real estate development project in Malaysia. (IDR) is considered the main economic area in the country, and the total development costs are expected to exceed $20bn for the next 15 years.