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...