Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait- Fund seeks to seize best investment opportunities in global markets  Join our daily free Newsletter

MENAFN - Arab Times - 23/12/2013
No. of Ratings : 0
Add to Mixx!



(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




  MENA News Headlines
 Jul 1 2016 - Qatar, Indonesia join forces in gas searchMENAFN
(MENAFN) Indonesia is seeking partnership with Qatari top firms such as Qatar Petroleum or RasGas for gas exploration on its land, based on recent reports.Indonesia already sees and realizes the ...

 Jul 1 2016 - UAE seeks for India to be top business partnerMENAFN
(MENAFN) India is forecasted to surpass Japan as the top export destination of the UAE by the year 2030, according to the latest reports.Japan and India stood at 11 percent and 6 percent respectively ...

 Jul 1 2016 - Omani Port of Salalah initiates new crucial line servicesMENAFN
(MENAFN) Oman's Port of Salalah, a key Arab Gulf region gateway port for the Arabian Sea, is going to have French-based CMA CGM, the world's third-largest container shipping line adding two new ...

 Jul 1 2016 - Kuwait oil price up 54 cents to USD44.66 pbKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, July 1 (KUNA) -- The price of Kuwait oil went up by 54 cents to reach USD 44.66 per barrel Thursday after trading at USD 44.12 pb the day before, said ...

 Jul 1 2016 - Sabbiyah shrimp project to achieve production boom - studyKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, July 1 (KUNA) -- The proposed Sabbiyah shrimp farming project expected to be a leading one is designed to achieve a production boom to meet the rising ...

 Jul 1 2016 - Kuwait- No makeshift eid prayer locations -- ministryKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, July 1 (KUNA) -- Eid Al-Fitr prayers will be confined to mosques and no makeshift prayer places will be set up, the Ministry of Awqaf and Islamic Affairs ...

 Jul 1 2016 - Kuwait- His Highness the Amir congratulates Rwanda on nat'l dayKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, July 1 (KUNA) -- His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah sent a cable of congratulations Friday to Rwanda''s President Paul Kagame ...

 Jul 1 2016 - Kuwait- His Highness the Amir congratulatesc Canada on nat'l dayKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, July 1 (KUNA) -- His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah sent a cable of congratulations Friday to General Governor of Canada David ...

 Jul 1 2016 - Kuwait- His Highness the Amir congratulates Burundi on nat'l dayKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, July 1 (KUNA) -- His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah sent a cable of congratulations Friday to Burundi''s President Pierre ...

 Jul 1 2016 - Saudi Arabia condemns Bahrain blastKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) JEDDAH, July 1 (KUNA) -- Saudi Arabia has condemned "the terrorist act" that happened in eastern Bahrain killing a woman and injuring her children. The official ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help