The Objectives of Al-Rou’yah Fund are:
- Making investment decisions on behalf of clients by buying and selling securities in Boursa Kuwait while abiding by the laws that regulate the investment process.
- Utilizing the fund’s cash surplus by investing in initial public offerings, newly issued government bonds and Sukuk.
- Investing in financial derivatives or new financial tools that are approved and regulated to be used within the fund’s scope of work in Boursa Kuwait. Such derivatives include, but are not limited to, margin trading, forward contracts, repurchase agreements, option trading, etc. The fund also has the option to invest excess cash in short- and medium-term bank deposits until new investment opportunities are present.
Funds Summary:
| Fund’s Manager: | Kuwait & Middle East Financial Investment Company |
| Fund Name : | Al Rouyah Fund |
| Country of Domicile: | Kuwait |
| Fund’s Currency: | KD |
| Fund’s Type: | Open Ended Fund |
| Unit Par Value: | KD 1.000 |
| Funds Capital: | Fund capital is variable with a minimum of KD 2,000,000 (two million Kuwaiti Dinars) and a maximum of KD 50,000,000 (Fifty million Kuwaiti Dinars). |
| Date of Inception: | 21 May 2002 |
| Fund Duration: | 15 years (from the date of inception) |
| NAV Disclosure: | Monthly |
| Custodian: | |
| Auditors: | Rodl – Middle East |
| Dividend Distribution: | 35% cash dividends were distributed (10% for 2002 and 25% for 2007) and 55% bonus shares for the years 2007 and 2018. |
