Al-Fajer

Al-Fajer Fund

The fund’s aim is to invest money and achieve good returns for investors in companies listed in the Kuwait Stock Exchange. In addition to the listed and unlisted companies in the Gulf and Arab markets, and the available cash is invested in debt instrument funds, money market funds and sukuk issued by the governments of the Gulf Cooperation Council countries. All the fund’s activities are in accordance with the provisions of Islamic Sharia as determined by the external Sharia audit office provided, that this does not entail the fund’s practice of any financing activities or granting credit

Fund terms
Inception 2005
Capital Variable ranging from KD 5 million to KD 100 million
Number of Units 5-100 million Unit
Price of Unit 1 KD
NAV as of October 2021 1.078 KD
YTD Performance 28.63%
Performance since inception 41.15%
Expected life of Fund 10 years renewable
Participation of Fund Manager 250,000 KWD (or equivalent) as minimum
Subscription 1000 Unit (minimum)
Subscription & Redemption Monthly
Administration Team Mane AlSane – Qutaibah Al-Khurafi – Saud Al-Juwaied
Auditor BDO Al-Nisf & Partners

For Subscription

To apply for subscription/redemption, kindly fill the forms required available in the right side of the page and send the required documents to email:

INVEST@WAFRAINV.COM

methods of Payments
1-Transfer to Account
Beneficiary Name Al-Fajer Fund
Bank Name Kuwait Finance House – Head Office
Account Number 011440002599
IBAN Number KW73KFHO0000000000011440002599
2-Issue Cheque
To be issued in the name of Al-Fajer Fund
For inquiries
Contact Wafra International Investment Company
Address Al Murqab – Al Sour Street – Twin Tower (A) – Floor (12)
Work time From 9:00 am to 2:30 pm – from Sunday to Thursday
Tel. 1855525