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MENAFN - Arab Times - 23/12/2013
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(MENAFN - Arab Times) Dimah Capital Corporation announced today the launch of Dimah Global Equity Fund, the first global equity investment fund approved by the Capital Markets Authority in Kuwait, which purpose is to seize the best investment opportunities in the global equity markets. "The investment fund, which maximum capital is estimated at 500 million, will include a variety of investment options that will achieve high returns with minimal risks and relies on the diversification of investments, rather than on one type of markets only ", declared on this occasion the Vice-Chairman and Managing Director at Dimah Capital, Sameer Al-Gharaballi. Al-Gharaballi further pointed out that the Fund meets the needs of the investors who are seeking to develop their capital, generate high growth and high capital gains.

He also stressed that "the fund targets capital development and the achievement of long-term returns from global stock markets by investing in the stocks of companies with outstanding performance all over the world, and focuses on companies with good and sustainable growth rates". He noted that "the minimum subscription in the fund is 10,000, and subscription is available for the various categories of individual investors and institutions." According to Al-Gharaballi, the launch of this fund falls within the framework of the efforts of Dimah Capital to provide innovative investment products to its customers in Kuwait. He pointed out that all of the Fund's establishment procedures were achieved, and the necessary regulatory approvals from the Capital Markets Authority were obtained.

"Dimah Global Equity Fund is the first fund of its kind to be approved by the Capital Markets Authority and this can be considered a great achievement for Dimah Capital which will become an example to be followed by other companies in the future", commented Al-Gharaballi. He added that "The approval of the Capital Markets Authority of the launch of the Dimah Capital Global Equity Fund is an important testimony to the company's strength and position in the investment sector. This is another important factor reflecting the importance of the fund's special structure and the rich experience of the company's management team in the investment sector and global stock markets."

Al-Gharaballi concluded his statement by thanking the Capital Markets Authority for granting Dimah Capital this approval, which says a lot about the company, and he expressed at the same time the appreciation of the company of the great efforts made by the CMA to establish sound rules that make investment operations more transparent and that aim at preserving the investors' interests and supporting the companies in their quest for effective participation in the development of the Kuwaiti economy.

Dimah Capital Investment is a company engaged in the field of assets management and investment services in Kuwait and the Middle East. The Company operates in accordance with the provisions of Islamic Sharia law. Dimah Capital was established in 2007 as a closed shareholding company in Kuwait with a capital of KD 15 million and is wholly owned by Al Imtiyaz Investment Company. Since its establishment, which coincided with fundamental changes in the economy and finance sphere, Dimah Capital was able to face these economic challenges and has become in 2012 an assets management and investment services company through a team of professionals and financial experts with a renowned reputation and acclaimed regional achievements, supported by financial systems based on advanced technology and worldwide notability that make Dimah Capital a competitive power among the investment companies in the region.

 


Arab Times




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