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 2 million to KD 100 million
Number of Units
2-100 million Unit
Price of Unit
1 KD
NAV as of August 2023
0.954 KD
NAV as of 18-09-2023
0.946 KD
YTD Performance
(4.92%)
Performance since inception
26.19%
Expected life of Fund
10 years renewable
Participation of Fund Manager
100,000 KWD (or equivalent) as minimum
Subscription
1000 Unit (minimum)
Subscription & Redemption
Weekly
Administration Team
Abdulmohsin Almukhaizeem - Mane AlSane – Qutaibah Al-Khurafi – Fahed Alsubaie - Ahmad Alothman
Auditor
Faisal Saqer ALSaqer-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:
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
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Mane Mohammed Al Sane
EVP – Asset Management Sector
Bio
Mr. Al Sane has 20+ year experience in investment, portfolio management and fund management. He has MS in Civil Engineering from Kuwait University and has joined Wafra in 2000, achieving SVP of Local and Regional Investments Sector. He’s currently on the board of Pioneers Holding (Egypt) and was the Chairman of the Board of Sanam Real Estate and Afaq Educational Company, and former board member at Salam Bvonian Development (Qatar).
Ghazi Faisal Al Hajeri
Chief Executive Officer
Bio
Mr. Al Hajeri has 20+ year in management, financial planning, business and product development, building long-lasting relationships with investors and institutions. He has BS in Finance from the University of Denver, and has joined Wafra’s team in 2019 as Chief Executive Officer. He’s also on the board of GFH Financial Group, Pure Harvest Smart Farms and Future Investment Company.
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Dalal Al-Rayes
Board Member
Bio
CEO and co-founder of Spare. Prior to founding Spare, Dalal worked as an investment manager at Global Investment House’s private equity team, where she helped a variety of companies across the Middle East increase their value by turning around their operations, restructuring management, and redefining their product offering. Before that, Dalal worked in hedge fund investing.
Dalal is a full-stack web developer and is passionate about technology and education. She holds an MBA from London Business School and a Bachelor of Science in Business Administration (Finance and Economics) from Babson College.
Mohammad Al Matrouk
Board Member
Bio
Mr. Al Matroul has a 12+ year experience in banking and investment. He’s currently a Board Member at WIIC in addition to being the Fixed Income Department Head at the Public Institution for Social Security.
He holds an MSc in Finance from Florida International University (United States) and BSc in Accounting from George Washington University (United States). He previously worked at the National Bank of Kuwait and Boubyan Bank.
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Sarah Al Zaabi
Board Member
Bio
Mrs. Al Zaabi has 15+ year experience in human resource management, and currently is a Board Member at WIIC and Gravitas Real Estate Portfolios (London)
and the Head of Human Resources Sector at the Public Institution for Social Security.
She holds a BBA from the University of Kent (United Kingdom) and previously worked as an Assistant Manager at Ernst & Young, an HR Business Partner at Gulf Bank and as a Recruitment & Manpower Planning Manager at Commercial Bank of Kuwait.
Dr.Mohammad Naser Al-Marzouq
Board Member
Bio
د.محمد ناصر المرزوق
عضو مجلس إدارة
Bader Abdullah Al Kandari
Deputy Chairman of the Board
Bio
Mr. Al Kandari has 15+ year in investment and currently is the Deputy Chairman of the Board at WIIC and also Chief Investment Officer at the Liquid Sector of the Public Institution for Social Security (PIFSS).
He holds an MBA from California State University at Chico. Al Kandari started his career at Kuwait Fund for Arab Economic Development and later held various senior positions at Al Mal Investment Company and Dima Capital.
Raed Al Nusif
Chairman of the Board
Bio
Mr. Al Nusif has 25+ year in investment management and currently is the Chairman of the Board at WIIC, in addition to Deputy Director for Investment and Operations at the Public Institution for Social Security (PIFSS).
He has a BBA in Accounting from Kuwait University, and previously held the position of Chief Investment Officer and Equities & Portfolio Investment Department at PIFSS. He also participated in Kuwait Investment Authority’s graduate training program, and later joined Kuwait Fund for Arab Economic Development where he became Deputy Director for the Investment Department.
