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Head Office (+965) 22967000 1888852

Mubarak Al-Kabir Street,Sharaq, Kuwait

08.00 AM to 03.00 PM(GMT +3) Sunday to Thursday

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Fund Objective

The Fund will seek high returns for investors by investing primarily in telecom companies listed on Arab equity markets and non-listed telecom stocks. The Fund may also invest available cash in deposits, and Sukuk and bonds issued by the governments of Cooperation Council for the Arab States of the Gulf as well as investing in investment funds that comply with the Fund's articles of association.

Fund Policy

The Fund adopts a balanced investment policy that aims at long-term capital appreciation with minimum possible risk to accommodate the Fund's nature. The Fund Manager invests in telecom equities with strong fundamentals and promising growth prospects in addition to considering other financial factors in selecting telecom companies for equity investment. The Fund Manager may invest more than 15% of the fund’s net assets in one single listed telecom company given it does not exceed the security’s sector weight. In addition, the Fund Manager may invest up to 15% of the fund’s net assets in Sukuk or Bonds issued by governments in the GCC and may invest up to 10% of the fund’s net assets in unquoted telecom equities.

Funds Summary

  • Fund NameAl-Atheer
  • CurrencyKD
  • Units1,000
  • MarketArab
  • TypeEquity

Funds Summary

  • Updated As of30-Nov-2018
  • Inception Date01-Jun-2003
  • Nav Per Unit1.039
  • Legal StructureOpen-Ended
  • Fund SizeKD 5,000,000 to KD 50,000,000
  • SubscriptionOpen to all nationalities
  • RedumptionMonthly
  • MGMT Fee1.750 % per annum.
  • Subscription FeeNone
  • Custodian & Investment Controller:Gulf Custody Company
  • AuditorAlbazie & Co.
  • Primary lawClick here
  • Performance As OfNov,30 2018
  • MTD3.89%
  • 3 Months1.22%
  • YTD2.98%
  • 12 Months3.03%
  • SinceInception90.68%
  • Cash Dividend
  • Bonus Shares
Date Dividend
20-Apr-04 10% Cash
22-May-05 7.5% Cash, 7.5% Bonus
20-May-06 5% Cash, 20%Bonus
18-Apr-07 5% Cash and 5% Bonus shares for 2006
24-May-08 10% Cash and 5% Bonus for 2007
Year Performance
2017 -8.1
2016 6.57
2015 -9.9
2014 1.84
2013 7.56
2012 13.25
2011 -16.06
2010 11.33
2009 10.78
2008 -31.24
2007 11.6
2006 -9.44
2005 51.28
2004 14.34
2003 27.6
NAV Date NAV Value
30-11-2018 1.039272
31-10-2018 1.0004
30-09-2018 1.02008
31-08-2018 1.02676
31-07-2018 1.03192
30-06-2018 1.031602
31-05-2018 1.0128
30-04-2018 1.02073
31-03-2018 1.05665
28-02-2018 1.01596
31-01-2018 1.02443
31-12-2017 1.009218
30-11-2017 1.008676
31-10-2017 1.013816
30-09-2017 1.04562
31-08-2017 1.060377
31-07-2017 1.050991
30-06-2017 1.045588
31-05-2017 1.08251
30-04-2017 1.0946
31-03-2017 1.095
28-02-2017 1.08875
31-01-2017 1.1115
31-12-2016 1.0982
30-11-2016 1.0759
31-10-2016 1.0639
30-09-2016 1.03951
31-08-2016 1.051196
31-07-2016 1.073676
30-06-2016 1.073252
31-05-2016 1.065772
30-04-2016 1.101679
31-03-2016 1.065154
29-02-2016 1.029774
31-01-2016 0.984288
31-12-2015 1.030509
30-11-2015 1.023644
31-10-2015 1.012721
30-09-2015 1.008682
31-08-2015 0.991904
31-07-2015 1.098414
30-06-2015 1.092728
31-05-2015 1.125018
30-04-2015 1.147413
31-03-2015 1.122623
28-02-2015 1.180219
31-01-2015 1.148699
31-12-2014 1.143759
30-11-2014 1.131925
31-10-2014 1.220775
30-09-2014 1.247609
31-08-2014 1.237
31-07-2014 1.2223
30-06-2014 1.178021
31-05-2014 1.251228
30-04-2014 1.246714
31-03-2014 1.242134
28-02-2014 1.215859
31-01-2014 1.182503
31-12-2013 1.123113
30-11-2013 1.120373
31-10-2013 1.116443
30-09-2013 1.096494
31-08-2013 1.080468
31-07-2013 1.098456
30-06-2013 1.069519
31-05-2013 1.110996
30-04-2013 1.09753
31-03-2013 1.084
28-02-2013 1.074586
31-01-2013 1.072263
31-12-2012 1.044184
30-11-2012 1.042
31-10-2012 1.042
30-09-2012 1.028
31-08-2012 1.047
31-07-2012 1.00659
30-06-2012 1.008
31-05-2012 1.029
30-04-2012 1.073
31-03-2012 1.047
29-02-2012 0.99
31-01-2012 0.945
31-12-2011 0.922
30-11-2011 0.918
31-10-2011 0.933
30-09-2011 0.924
31-08-2011 0.922
31-07-2011 0.962
30-06-2011 0.976
31-05-2011 1.026572
30-04-2011 1.057938
31-03-2011 1.03606
28-02-2011 0.974104
31-01-2011 1.047526
31-12-2010 1.098388
30-11-2010 1.080635
31-10-2010 1.074499
30-09-2010 1.085217
31-08-2010 1.058539
31-07-2010 1.054262
30-06-2010 1.032202
31-05-2010 1.031696
30-04-2010 1.097579
31-03-2010 1.055479
28-02-2010 1.041808
31-01-2010 0.976241
31-12-2009 0.98659
30-11-2009 0.992332
31-10-2009 1.024159
30-09-2009 1.029898
31-08-2009 1.041899
31-07-2009 1.02402
30-06-2009 0.994966
31-05-2009 0.96506
30-04-2009 0.909462
31-03-2009 0.846954
28-02-2009 0.7728
31-01-2009 0.87334
31-12-2008 0.890592
30-11-2008 0.897096
31-10-2008 0.947668
30-09-2008 1.062003
31-08-2008 1.119604
31-07-2008 1.179376
30-06-2008 1.199821
31-05-2008 1.322227
30-04-2008 1.461651
31-03-2008 1.419536
29-02-2008 1.535799
31-01-2008 1.554246
31-12-2007 1.505473
30-11-2007 1.477845
31-10-2007 1.493752
30-09-2007 1.475243
31-08-2007 1.484521
31-07-2007 1.463632
30-06-2007 1.525204
31-05-2007 1.533508
30-04-2007 1.396342
31-03-2007 1.482657
28-02-2007 1.489916
31-01-2007 1.38222
31-12-2006 1.348996
30-11-2006 1.316856
31-10-2006 1.365246
30-09-2006 1.299312
31-08-2006 1.282288
31-07-2006 1.230075
30-06-2006 1.252707
31-05-2006 1.236823
30-04-2006 1.668552
31-03-2006 1.743489
28-02-2006 1.821916
31-01-2006 1.906471
31-12-2005 1.842674
30-11-2005 1.89
31-10-2005 1.819
30-09-2005 1.783702
31-08-2005 1.779324
31-07-2005 1.745969
30-06-2005 1.67
31-05-2005 1.629
30-04-2005 1.827
31-03-2005 1.749
28-02-2005 1.607
31-01-2005 1.503
31-12-2004 1.359
30-11-2004 1.323
31-10-2004 1.275
30-09-2004 1.253
30-08-2004 1.215
31-07-2004 1.207
30-06-2004 1.141
31-05-2004 1.158
30-04-2004 1.151
31-03-2004 1.259
29-02-2004 1.295
30-01-2004 1.298
31-12-2003 1.276
30-11-2003 1.175
31-10-2003 1.137
30-09-2003 1.106
31-08-2003 1.058
31-07-2003 1.028
30-06-2003 0.993
31-05-2003 1

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To achieve high returns through investing in listed and united telecom companies in the Middle East North African Arab countries.

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