VOL. XLIII
No. 15
10-April-2000
KUWAIT
Kuwait Finance House To Launch Real Estate Fund
The Kuwait Finance House (KFH) announced on 29 March that it plans to launch a $50mn real estate fund Al Deara in the coming weeks. The closed-end fund aims to "generate and distribute to investors an overall net yield of 10% annually cumulative (non-compounded) on the Investment Units after payment of all fees, expenses and taxes in the local jurisdictions of each investment." According to a statement from...
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