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SKFH Baitk IPO Fund witnesses huge turnout

Published: 19/06/2014 04:26:33 PM GMT
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S KFH CEO, Tarek Al-Rakhemi stated that Baitak IPO fund is a collective investing program open for subscription. He added that the fund had been t (more)

S KFH CEO, Tarek Al-Rakhemi stated that Baitak IPO fund is a collective investing program open for subscription. He added that the fund had been tailored to cater for investors who wish to achieve actual returns that are competitive to the returns of other enlisted shares investing products.

He assured that Baitak fund grants investors the chance to utilize growth opportunities that are available in emerging and new companies, not to mention, guarantee achieving the optimal balance between the return and the risk to achieve rewarding return and risk-adjusted performance for investors.

He went on to say that this step of Baitk IPO Fund in the Saudi stock market comes in light of the remarkable and continuous improvement in the Saudi stock market index, in addition to the appealing investment environment, and rewarding investment opportunities in the Saudi market thanks to the economic stability in Saudi and the supportive entities in the market, such as the Capital Market Authority.

It's worth noting that S KFH is fully owned by KFH . It is a closed joint stock company with a capital of SR 500 million fully paid.

Kuwait Finance House ( KFH ) KFH was established in Kuwait in 1977 and is enlisted in the Kuwait Stock Exchange. KFH Group is a global pioneer in the field of Islamic banking services, where it offers a wide array of Islamic products and services, not to mention a high standard of innovation and client service.

KFH manages its operations in the GCC, Asia, and Europe through over 310 branches, including KFH -Turkey, in order to offer services for the bank's clients in Turkey, Malaysia, Saudi Arabia, Bahrain, Australia, Jordan, Dubai, and Manheim in Germany.

KFH 's mission is to achieve highest levels of excellence and innovation in the field of client service, while developing common interest for all those concerned with the financial institution. KFH 's vision is to spearhead the global development in Islamic financial services, and to upgrade the bank into the level of becoming the most sustainable profitable Islamic bank in the world.

KFH 's values include cementing leadership through all its businesses, including leadership in the Islamic banking services worldwide, through innovation and in client service and the development of its employees. In addition, KFH is committed to all its procedures, and to setting up long-life partnerships with the concerned authorities.

For more information, please visit: www.kfh.com

© Press Release 2014

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