Kuwait Finance House (KFH) announced that it liquidized a real estate fund in Turkey with a capital profit 14 percent and total profit that exceeds $10 million. The profits of October and November will be distributed among the fund’s shareholders by 10 percent annually, which means that the investor has received total distributions over 6 years that exceeded more than 70 percent, in addition to the capital; thus highlighting KFH’s investment policy that is based on careful planning and close monitoring of market’s requirements.
The VIP Financial Services Department Manager Talal Al-Nesf stated that the exiting from the fund has been successful and profitable at this time, since it occurred after the fund’s operation time frame by five years, in addition to one year, where the fund was established in 2004. He noted that the results of the exiting cement KFH’s experience and its prime investment opportunities, not to mention the feasibility of investing in the Turkish market.
He went on to say that KFH is considering to invest in projects and fields in the Turkish market through funds that operate in infrastructure, real estate development, power, cars, and Takaful insurance fields, which are fields that offer high returns, in addition to the fact that they meet the requirements of many segments of people. He mentioned that the fund that was established in conjunction with KFH-Turkey and shareholders from Kuwait and Turkey, invests in renting warehouses that are close to Ataturk International Airport, where they are rented by shipping and storing companies.
Moreover, he stressed that KFH continues to exert efforts to achieve best returns for its investors through premium investment opportunities that have minimal risks and high returns. He added that the department constantly seeks to manage the wealth of clients, in order to offer them high profits.
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