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Head Office (+965) 22967000 1888852

Mubarak Al-Kabir Street,Sharaq, Kuwait

08.00 AM to 03.00 PM(GMT +3) Sunday to Thursday

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Fund Objective

The Fund will seek high returns for investors by investing primarily in telecom companies listed on Arab equity markets and non-listed telecom stocks. The Fund may also invest available cash in deposits, and Sukuk and bonds issued by the governments of Cooperation Council for the Arab States of the Gulf as well as investing in investment funds that comply with the Fund's articles of association.

Fund Policy

The Fund adopts a balanced investment policy that aims at long-term capital appreciation with minimum possible risk to accommodate the Fund's nature. The Fund Manager invests in telecom equities with strong fundamentals and promising growth prospects in addition to considering other financial factors in selecting telecom companies for equity investment. The Fund Manager may invest more than 15% of the fund’s net assets in one single listed telecom company given it does not exceed the security’s sector weight. In addition, the Fund Manager may invest up to 15% of the fund’s net assets in Sukuk or Bonds issued by governments in the GCC and may invest up to 10% of the fund’s net assets in unquoted telecom equities.

Funds Summary

  • Fund NameAl-Atheer
  • CurrencyKD
  • Units1,000
  • MarketArab
  • TypeEquity

Funds Summary

  • Updated As of31-Dec-2017
  • Inception Date01-Jun-2003
  • Nav Per Unit1.009
  • Legal StructureOpen-Ended
  • Fund SizeKD 5,000,000 to KD 50,000,000
  • SubscriptionOpen to all nationalities
  • RedumptionMonthly
  • MGMT Fee1.750 % per annum.
  • Subscription FeeNone
  • Custodian & Investment Controller:Gulf Custody Company
  • AuditorAlbazie & Co.
  • Performance As OfDec,31 2017
  • MTD0.05%
  • 3 Months-3.48%
  • YTD-8.10%
  • 12 Months-8.10%
  • SinceInception86.40%
  • Cash Dividend
  • Bonus Shares
Date Dividend
20-Apr-04 10% Cash
22-May-05 7.5% Cash, 7.5% Bonus
20-May-06 5% Cash, 20%Bonus
18-Apr-07 5% Cash and 5% Bonus shares for 2006
24-May-08 10% Cash and 5% Bonus for 2007
Year Performance
2017 -8.1
2016 6.57
2015 -9.9
2014 1.84
2013 7.56
2012 13.25
2011 -16.06
2010 11.33
2009 10.78
2008 -31.24
2007 11.6
2006 -9.44
2005 51.28
2004 14.34
2003 27.6
NAV Date NAV Value
31-12-2017 1.009218
30-11-2017 1.008676
31-10-2017 1.013816
30-09-2017 1.04562
31-08-2017 1.060377
31-07-2017 1.050991
30-06-2017 1.045588
31-05-2017 1.08251
30-04-2017 1.0946
31-03-2017 1.095
28-02-2017 1.08875
31-01-2017 1.1115
31-12-2016 1.0982
30-11-2016 1.0759
31-10-2016 1.0639
30-09-2016 1.03951
31-08-2016 1.051196
31-07-2016 1.073676
30-06-2016 1.073252
31-05-2016 1.065772
30-04-2016 1.101679
31-03-2016 1.065154
29-02-2016 1.029774
31-01-2016 0.984288
31-12-2015 1.030509
30-11-2015 1.023644
31-10-2015 1.012721
30-09-2015 1.008682
31-08-2015 0.991904
31-07-2015 1.098414
30-06-2015 1.092728
31-05-2015 1.125018
30-04-2015 1.147413
31-03-2015 1.122623
28-02-2015 1.180219
31-01-2015 1.148699
31-12-2014 1.143759
30-11-2014 1.131925
31-10-2014 1.220775
30-09-2014 1.247609
31-08-2014 1.237
31-07-2014 1.2223
30-06-2014 1.178021
31-05-2014 1.251228
30-04-2014 1.246714
31-03-2014 1.242134
28-02-2014 1.215859
31-01-2014 1.182503
31-12-2013 1.123113
30-11-2013 1.120373
31-10-2013 1.116443
30-09-2013 1.096494
31-08-2013 1.080468
31-07-2013 1.098456
30-06-2013 1.069519