Mubasher: KFH Capital REIT is expecting KWD 25 million ($82.5 million) worth of capital as a first tranche, CEO of KFH Capital, Abdulaziz N. Al Marzooq, said during an interview with CNBC Arabiya.
All of KFH Capital REIT’s assets are income properties, Al Marzooq, added, noting that the fund does not confine its investments to a certain sector.
KFH Capital REIT offers several investors an opportunity to invest in the Kuwaiti real estate sector, and it generates distributable monthly dividends, the top official stated.
Earlier this week, KFH Capital, the investment arm of Kuwait Finance House (KFH), announced the launch of the first real estate investment trusts (REITs) to be traded on Boursa Kuwait under the name of KFH Capital REIT, with a fixed capital of KWD 100 million.
