Al Ahli Kuwaiti Fund, managed by Ahli Capital Investment Company (ACIC) the investment arm of Al Ahli Bank of Kuwait(ABK)  today announced the distribution of dividends for the year ended December 31, 2017 (FY17).

Investors will receive 6.5% based on the net asset value (NAV) for December 31, 2017 with the dividend amounting to 54 fils per unit. All unit holders of the Fund as of April 1, 2018 will be eligible to receive the dividend.

Muhsen M. Alharbi, Chief Executive Officer at Ahli Capital Investment Company said: “Al Ahli Kuwaiti Fund outperformed the Kuwaiti weighted Index for the year ended December 31, 2017. While the Kuwaiti Weighted Index resulted in a performance of 5.61%, the Al Ahli Kuwaiti Fund was up 8.81% for 2017. This fund has been in existence for more than a decade and has witnessed different challenging economic cycles in the GCC and international markets. We are proud about the fund’s performance and is pleased to make this profit distribution to our investors.”

Owing to its open-ended structure this fund allows investors to enter and exit monthly. The Fund aims to achieve long term capital growth while taking an acceptable level of risk. Al Ahli Kuwaiti Fund was launched in February 2003 and has one of the longest track record among the funds invested in the Kuwait Stock Market.

For more information about Ahli Capital Investment Company, please visit ahli-capital.com or contact the Company at 1832832.