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
 Sep 28 2016 - Morocco- 10-Year-old Moroccan Boy Commits Suicide Over School SuppliesMorocco World News
(MENAFN - Morocco World News) The suicide of a ten year-old boy near the Moroccan city of Ifrane shakes social media in Morocco. A boy was found hanged using an electric wire in a small village in ...

 Sep 28 2016 - Shimon Peres, Nobel Prize Winner and Veteran of Israeli Politics, Dies at 93Morocco World News
(MENAFN - Morocco World News) Shimon Peres, the veteran Israeli statesman who shared a Nobel prize for his extensive efforts in negotiating a peace agreement with Palestine, has died on Tuesday. He ...

 Sep 28 2016 - Morocco- Police Officer's Generosity, Gives Grieving Black Man a New OutlookMorocco World News
(MENAFN - Morocco World News) Mark Ross got the call we never want to get. His 15-year-old sister was killed in a car accident. It was 3 A.M. He needed to travel from Indiana to Detroit to be with ...

 Sep 28 2016 - Egypt- Rights groups condemn treatment of detained 6 April Youth Movement coordinatorDaily News Egypt
(MENAFN - Daily News Egypt) The Egyptian Commission for Rights and Freedoms (ECRF) criticised the detention conditions of 6 April Youth Movement coordinator Amr Ali, who was imprisoned on charges of ...

 Sep 28 2016 - Kuwait- Maternity leave for pregnant womanArab Times
(MENAFN - Arab Times) I am working in a private clinic as a Staff Nurse. Regarding maternity leave our new supervisor says… only for the first pregnancy and delivery is the 68 days maternity leave ...

 Sep 28 2016 - Kuwait- Indemnity should be calculated by using the latest remunerationArab Times
(MENAFN - Arab Times) Can you please let me how to calculate my service indemnity. ■ Salary – KD 450. ■ Car allowance – KD75. ■ Petrol – they give me a card twice a month (KD 15 ...

 Sep 28 2016 - Kuwait- Friends matter, not interests - Stick to good in youArab Times
(MENAFN - Arab Times) Intisaar Al-Ma'touq LONG time ago, our grandfathers said, 'You are nothing if you have nothing.' Those were the good old days characterized by simplicity. At the time our ...

 Sep 28 2016 - UAE opens consulate in New York, strengthens ties with USKhaleej Times
(MENAFN - Khaleej Times) The United Arab Emirates opened the UAE Consulate in New York City and appointed Majid Al-Suwaidi as Consul General. The opening ceremony was officiated by Reem Al Hashimy, ...

 Sep 28 2016 - Sharjah FDI Forum set to explore ways to boost UAE-India tiesKhaleej Times
(MENAFN - Khaleej Times) The Sharjah Foreign Direct Investment Forum (Sharjah FDI Forum 2016), which takes place from September 28 to 29 at the Al Jawahar Reception and Convention Centre, will host ...

 Sep 28 2016 - UAE- MidEast Watch & Jewellery Show to open this weekKhaleej Times
(MENAFN - Khaleej Times) The Expo Centre Sharjah will host the 41st edition of the MidEast Watch & Jewellery Show from September 27 to October 1. This will be done with the support of the Sharjah ...

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