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Investment Funds

  • NET ASSET VALUE

    KWD 0.7171

  • MONTH TO DATE RETURN

    (0.62%)

  • YEAR TO DATE RETURN

    6.17%

  • RETURN SINCE INCEPTION

    295.38%

  • GEOGRAPHIC FOCUS

    Kuwait

  • ASSET VALUE

    KWD 140,016,866

  • FUND STRUCTURE

    Open-Ended

  • NAV FREQUENCY

    Weekly

  • DIVIDEND SINCE INCEPTION

    CASH: 72.4%
    BONUS: 160%

As of October 31, 2024

Fund Objective

To provide capital appreciation and income primarily through investment in listed equities on the Boursa Kuwait and investment in unlisted equities in the State of Kuwait.

Fund Features

Established back in 2001 and considered among the oldest and largest conventional fund in the region with a track record of over two decades. Invested companies are diligently screened on qualitative and quantitative parameters. The fund has a diversified shareholder base including government institutions, corporates and retail investors.

Top 5 Holdings

Agility Public Warehousing Company

Kuwait Finance House

Mobile Telecommunications Company

National Bank of Kuwait

Ahli United Bank BSC

 

 

Sector Distribution

Geographical Distribution

Factsheets

Reports and Updates

Adjustment of auditor's fees

Administrative Board Member Vacancy Wataniya Investment Fund.

Administrative Board Member Vacant WATANIYA FUND

Administrative Board Members Amendement-AlWataniya-Mar2019

Agenda of General Assembly

Al Watania unit-holders meeting Agenda (November 2018)

Al- Wataniya Notification 1

Al- Wataniya Notification 2

Amending the Article of Association of the Fund- July 2020

Amending The Members of the Administrative Committee

Amending The Members of the Administrative Committee – July 2020

Amendment to the Fund's articles of association

Article of Association Amendment 25/1/2022

Articles of Association

Dividend Distribution of Al Wataniya Investment Fund

Executive committee members amendment

Fund Financials

Invitation to attend the AGM of Al Wataniya Investment Fund unit-holders on 5th of November 2018

Invitation to attend the Unitholders Assembly Meeting No. 1/2022 of Al Wataniya Investment Fund

Minutes of Meeting for Al Wataniya Investment Fund Shareholders / November 2018

Monthly Fact Sheet

Occupation of the Funds external Auditor

Replacement of the external auditor

Vacancy of the Funds external Auditor

Amending the Article of Association for Wataniya Investment Fund

Amendment of Fund Executive committee members

Amending the Article of Association for Wataniya Investment Fund

Article of Association for Wataniya Investment Fund

Amendment of Fund Executive committee of Al Wataniya Investment Fund.

Amendment of the Administrative Members_Wataniya 23-01-2024

Update on Wataniya Fund Executive Committee Members 04-03-2024

Amending the Article of Association for Wataniya Investment Fund 23-05-2024

Article of Association – Wataniya Investment Fund 23-05-2024

Amendment of Fund Executive committee members for Wataniya Investment Fund 02-06-2024

Amending the Article of Association for Wataniya Investment Fund 12-11-2024

Article of Association for Wataniya Investment Fund 12-11-2024

History NAVs

How To Subscribe

How To Subscribe And Redeem

You are able to print the applications of subscription and redemption from the website and submit them along with a copy of the required documents via email CRM@nic.com.kw

Or you can visit the company with the required documents at the following address.

Fund Brief

Fund Name
Al Wataniya Investment Fund		 Subscription and Redemption
Weekly Subscription / Redemption Fee = None
Fund Manager

National Investments Company
 Management Fee
1.0% per annum
Term of the Fund
10 years, renewable		 Incentive Fee
Only 15% of the amount by which the annualized return of
the fund exceeds the Total Return benchmark. Fund returns
must be positive.
Net Asset Value
Calculated on the last trading day of every week		 Fund Capital
KWD 25 to 300 million
Paid Up Capital
KWD 199,264,325		 Dividends
Quarterly or Annually
Asset Value
KWD 139,720,261		 Registrar
Gulf Custodian Company
Base Currency
Kuwaiti Dinar		 Custodian & Investment Controller
Kuwait Clearing Company
Nominal Value
KWD 1.000		 Minimum Investment
1,000 Units with multiples of 1 Unit
Auditors

Khaled Hasan Ibrahim Alahmed-ALSOOR Certified Public
Accountants
 Fund Capital:

KWD 25 To 300 Million

  • NET ASSET VALUE

    KWD 0.4166

  • MONTH TO DATE RETURN

    (0.60%)

  • YEAR TO DATE RETURN

    7.09%

  • RETURN SINCE INCEPTION

    96.70%

  • GEOGRAPHIC FOCUS

    Kuwait

  • ASSET VALUE

    KWD 7,796,978

  • FUND STRUCTURE

    Open-Ended

  • NAV FREQUENCY

    Monthly

  • DIVIDEND SINCE INCEPTION

    CASH: 54.9%
    BONUS:103%

As of October 31, 2024

Fund Objective

To provide capital appreciation and income through investing primarily in listed and unlisted Sharia-compliant equities in Kuwait and the GCC.

Fund Features

Established back in 2003 and considered among the oldest sharia compliant fund in the region. Focuses on blue chip companies that have consistently delivered good operating performance. The fund has offered generous cash dividends to unit holders and has a diversified shareholder base including corporates and retail investors.

Top 5 Holdings

Agility Public Warehousing Company

Kuwait Finance House

Mobile Telecommunications Company

Boubyan Bank

Boubyan Petrochemical Co KSCP

 

Sector Distribution

Geographical Distribution

 

Factsheets

Reports and Updates

Adjustment of auditor's fees

Administrative Board Member Vacancy Al Darij Investment Fund.

Administrative Board Member Vacant DARIJ FUND

Administrative Board Members Amendement-Al-Darij-Mar2019

Agenda of General Assembly

Amending the Article of Association of the Fund- July 2020

Amending The Members of the Administrative Committee

Amendment of ALDARIJ Fund Regulations

Amendment of the Administrative Members Darij Funds

Amendment to the Fund's articles of association

Article of Association Amendment 25/1/2022

Articles of Association

Dividend Distribution of Al Darij Investment Fund

Executive committee members amendment

External Auditor Replacement for Aldarij Investment Fund

External legitimate Auditor Position is occupied

Fees Amendment of the External Auditor for Al Darij Fund

Fund Financials

Invitation to attend the Unitholders Assembly Meeting No. 1/2022 of Al-Darij Investment Fund

Modification of fees in the AOA – 22 January 2019

Monthly Fact Sheet

Occupation of the Funds external Auditor

Occupation of Unit Holders registrar

Occupied position of Custodian and Investment Controller

Performance Summary

Replacement of Custodian Investment Controller for Al Darij Fund

Vacancy of the Funds external Auditor

Vacancy of Unit Holders registrar

Aldarij Investment Fund Term Extension

Amendment of Fund Executive committee members

Amending the Article of Association for Al Darij Investment Fund

Article of Association for Al Darij Investment Fund

Amendment of Fund Executive committee of Al Darij Investment Fund.

Amendment of the Administrative Members_Aldarij 23-01-2024

Update on Aldarij Fund Executive Committee Members 04-03-2024

Amending the Article of Association for Al Darij Investment Fund 06-05-2024

Article of Association - Al Darij Investment Fund 06-05-2024

Amendment of Fund Executive committee members for Zajil Services and Telecommunications Fund 02-06-2024

Amendment of Fund Executive committee members for AlDarij Investment Fund 02-06-2024

Amending the Article of Association for AlDarij Investmenet Fund 12-11-2024

Article of Association for AlDarij Investmenet Fund 12-11-2024

History NAVs

How To Subscribe

How To Subscribe And Redeem

You are able to print the applications of subscription and redemption from the website and submit them along with a copy of the required documents via email CRM@nic.com.kw

Or you can visit the company with the required documents at the following address.

Fund Brief

Fund Name
Al Darij Investment Fund		 Subscription and Redemption
Monthly Subscription / Redemption Fee = 0.5%
Fund Manager

National Investments Company
 Incentive Fee
1% per annum
Term of the Fund
10 years, renewable		 Performance Fee
Only 20% of the amount by which the annualized rate of return exceeds 10%
Fund Capital
KWD 5 to 100 million		 Net Asset Value
Calculated on the last trading day of every month
Paid Up Capital
KWD 19,382,715		 Dividends
Quarterly or Annually
Asset Value
KWD 7,712,537		 Registrar
Kuwait Clearing Company K.S.C
Base Currency
Kuwaiti Dinar		 Custodian & Investment Controller
Kuwait Clearing Company K.S.C
Minimum Investment
1,000 Units		 Nominal Value
KWD 1.000
Auditors
Khaled Hasan Ibrahim Alahmed-ALSOOR Certified Public
Accountants		 External Sharia Auditor

Osol for Sharia Advisory

  • NET ASSET VALUE

    KWD 1.0111

  • MONTH TO DATE RETURN

    (1.71%)

  • YEAR TO DATE RETURN

    3.32%

  • RETURN SINCE INCEPTION

    117.88%

  • GEOGRAPHIC FOCUS

    GCC and Arab

  • ASSET VALUE

    KWD 11,420,536

  • FUND STRUCTURE

    Open-Ended

  • NAV FREQUENCY

    Monthly

  • DIVIDEND SINCE INCEPTION

    CASH: 44%
    BONUS: 50%

As of October 31, 2024

Fund Objective

To provide capital appreciation and income through investing primarily in listed and unlisted equities in the services and telecommunications sectors in Kuwait and the Arab region, which abide by Islamic Sharia.

Fund Features

Only sharia compliant fund in Kuwait that invests across a broad spectrum of services. Due to the nature of its investment universe and our selection criteria, the fund usually demonstrates defensive traits and offers good diversification benefits in an otherwise pro cyclical macro environment. The fund historically has offered generous cash dividends to its unit holders and has a diversified shareholder base including corporates and retail investors.

Top 5 Holdings

Etihad Etisalat Co.

Saudi Telecom Co.

Dr. Sulaiman Al Habib Medical Services Group

Agility Public Warehousing

Abu Dhabi National Oil Company for Distribution PJSC

Factsheets

Reports and Updates

Adjustment of auditor's fees

Administrative Board Member Vacancy Zajil Services & Telecommunications Fund.

Administrative Board Member Vacant ZAJIL FUND

Administrative Board Members Amendement-Zajil-Mar2019

Agenda of General Assembly

Amending the Article of Association of the Fund- July 2020

Amending The Members of the Administrative Committee

Amendment of the Administrative Members Zajil Funds

Amendment to the Fund's articles of association

Article of Association Amendment 25/1/2022

Articles of Association

Dividend Distribution of Zajil Services and Telecommunication Fund

Executive committee members amendment

External legitimate Auditor Position is occupied

Fund Financials

Invitation to attend the Unitholders Assembly Meeting No. 1/2022 of Zajil Fund for Services and Communications

Modification of fees in the AOA – 22 January 2019

Monthly Fact Sheet

Occupation of the Funds external Auditor

Occupation of Unit Holders registrar

Replacement of the external auditor

Vacancy of the Funds external Auditor

Amendment of Fund Executive committee members

Amending the Article of Association for Zajil Services & Telecommunications Fund

Article of Association for Zajil Services & Telecommunications Fund

Amendment of Fund Executive committee of Zajil Services and Telecommunications Fund.

Amendment of the Administrative Members_Zajil 23-01-2024

Update on Zajil Fund Executive Committee Members 04-03-2024

Zajil Services and Telecommunications Fund Term Extension 20-11-2024

Amending the Article of Association for Zajil Services and Telecommunications Fund 12-11-2024

Article of Association for Zajil Services and Telecommunications Fund 12-11-2024

History NAVs

How To Subscribe

How To Subscribe And Redeem

You are able to print the applications of subscription and redemption from the website and submit them along with a copy of the required documents via email CRM@nic.com.kw

Or you can visit the company with the required documents at the following address.

Fund Brief

Fund Name

Zajil Services & Telecommunications Fund

 Subscription and Redemption
Monthly Subscription / Redemption Fee = 0.5%
Fund Manager
National Investments Company		 Management Fee
1% per annum
Term of the Fund
10 years, renewable		 Performance Fee
Only 20% of the amount by which the annualized rate of return exceeds 10%
Fund Capital
KWD 5 to 100 million		 Net Asset Value
Calculated on the last trading day of every month
Paid Up Capital
KWD 11,674,747		 Dividends
Quarterly or Annually
Asset Value
KWD 11,566,377		 Registrar
Kuwait Clearing Company
Base Currency
Kuwaiti Dinar		 Custodian & Investment Controller
Kuwait Clearing Company
Nominal Value
KWD 1.000		 Minimum Investment
1,000 Units
Auditors

Khaled Hasan Ibrahim Alahmed-ALSOOR Certified Public
Accountants
 External Sharia Auditor

    • Osol for Sharia Advisory

  • NET ASSET VALUE

    KWD 0.6486

  • MONTH TO DATE RETURN

    (0.08%)

  • YEAR TO DATE RETURN

    0.95%

  • RETURN SINCE INCEPTION

    (3.20%)

  • GEOGRAPHIC FOCUS

    GCC and Arab

  • ASSET VALUE

    KWD 4,688,226

  • FUND STRUCTURE

    Open-Ended

  • NAV FREQUENCY

    Monthly

  • DIVIDEND SINCE INCEPTION

    CASH:23%
    BONUS:8%

As of October 31, 2024

Fund Objective

To provide capital appreciation and income to its investor by investing in Kuwaiti, Arab and GCC Sharia compliant listed and unlisted equities in the industrial and petroleum service sectors.

Fund Features

Only sharia compliant fund in Kuwait that invests across a broad spectrum of basic material and industrial companies in the GCC markets. The fund offers prospect of high returns commensurate with its risk profile as the constituents operate in cyclical and macro sensitive sectors. The fund targets blue chip companies that are strategically important to GCC economies and takes advantage of cyclical upturns in the economy.

Top 5 Holdings

Saudi Arabian Oil Co

Industries Qatar

SABIC Agri-Nutrients Co.

Saudi Arabian Mining Co.

Saudi Basic Industries Corp.

Sector Distribution

Geographical Distribution

 

Factsheets

Reports and Updates

Adjustment of auditor's fees

Administrative Board Member Vacancy Mawarid Industrial and Petroleum Services Fund.

Administrative Board Member Vacant MAWARED FUND

Administrative Board Members Amendement-Mawarid-Mar2019

Agenda of General Assembly

Amending the Article of Association of the Fund- July 2020

Amending The Members of the Administrative Committee

Amending The Members of the Administrative Committee – July 2020

Amendment to the Fund's articles of association

Article of Association Amendment 25/1/2022

Articles of Association

Executive committee members amendment

External Auditor Replacement for Mawarid Industrial and Petroleum Services Fund

External legitimate Auditor Position is occupied

Fees Amendment of the External Auditor for Mawarid Fund

Fund Financials

Invitation to attend the Unitholders Assembly Meeting No. 1/2022 of Mawarid Fund for Industry and Oil Services

Modification of fees in the AOA – 22 January 2019

Monthly Fact Sheet

Occupation of the Funds external Auditor

Occupation of Unit Holders registrar

Occupied position of Custodian and Investment Controller

Performance Summary

Replacement of Custodian and Investment Controller for Mawarid fund

Vacancy of the Funds external Auditor

Vacancy of Unit Holders registrar

Vacancy of Unit Holders registrar

Vacancy of Unit Holders registrar

Amendment of Fund Executive committee members

Amending the Article of Association for Mawarid Industrial and Petroleum Services Fund

Article of Association for Mawarid Industrial and Petroleum Services Fund

Amendment of Fund Executive committee members for Mawarid Industrial and Petroleum Services Fund

Amendment of the Administrative Members_Mawarid 23-01-2024

Update on Mawarid Fund Executive Committee Members 04-03-2024

Amendment of Fund Executive committee members for Mawarid Industrial & Petroleum Services Fund 02-06-2024

Amending the Article of Association for Mawarid Industrial and Petroleum Services Fund 12-11-2024

Article of Association for Mawarid Industrial and Petroleum Services Fund 12-11-2024

History NAVs

How To Subscribe

How To Subscribe And Redeem

You are able to print the applications of subscription and redemption from the website and submit them along with a copy of the required documents via email CRM@nic.com.kw

Or you can visit the company with the required documents at the following address.

Fund Brief

Fund Name

Mawarid Industrial and Petroleum Services Fund
 Subscription and Redemption
Monthly Subscription / Redemption Fee = 0.5%
Fund Manager
National Investments Company		 Management Fee
1% per annum
Term of the Fund
10 years, renewable		 Performance Fee
Only 20% of the amount by which the annualized rate of return exceeds 10%
Fund Capital
KWD 5 to 100 million		 Net Asset Value
Calculated on the last trading day of every month
Paid Up Capital
KWD 7,325,898		 Dividends
Quarterly or Annually
Asset Value
KWD 4,892,807		 Registrar
Kuwait Clearing Company K.S.C
Base Currency
Kuwaiti Dinar		 Custodian & Investment Controller
Kuwait Clearing Company K.S.C
Nominal Value
KWD 1.000		 Minimum Investment
10,000 Units with increments of 1000 units
Auditors
Khaled Hasan Ibrahim Alahmed-ALSOOR Certified Public
Accountants		 External Shari'a Auditor

Osol for Sharia Advisory

  • NET ASSET VALUE

    USD 1.1485

  • MONTH TO DATE RETURN

    (1.22%)

  • YEAR TO DATE RETURN

    3.63%

  • RETURN SINCE INCEPTION

    21.76%

  • GEOGRAPHIC FOCUS

    GCC

  • ASSET VALUE

    USD 32,829,256

  • FUND STRUCTURE

    Open-Ended

  • NAV FREQUENCY

    Monthly

  • DIVIDEND SINCE INCEPTION

    CASH:5%

As of October 31, 2024

Fund Objective

The primary objective of the fund is to seek long-term capital appreciation. The fund will aim to achieve this investment objective by investing in various equity securities listed on the stock markets of the GCC Region complying with the Shariah principles.

Fund Features

The fund holdings are diversified across different sectors and themes. Asset allocation and security selection is based on a stringent criterion that focuses on quality of earnings and valuation metrics. The fund has a diversified shareholder base including corporate and retail investors. The fund is denominated in USD and is established in the Kingdom of Bahrain.

Top 5 Holdings

Al Rajhi Bank

Kuwait Finance House

Industries Qatar

Emirates Telecom. Group Company (Etisalat Group) PJSC

Qatar Islamic Bank

 

Sector Distribution

Geographical Distribution

 

Factsheets

Reports and Updates

Addendum to the amended & Restated prospects of Al Mada Fund

Al Mada Articles of Association

Al Mada Interim Condensed Financial Statement

Al Mada Investment Fund Financial Statement as at 31 December 2018

Al Mada Investment Fund Financial Statement as at 31 December 2019

Al- Mada Notification

Amended and Restated Fund Prospectus (Jan 2018)

Amendment to Prospectus of Al Mada Investment Fund - 4 January 2021

Amendment to Prospectus of Al Mada Investment Fund – 29 July 2020

Amendment to the Fund Subscription PPM.

Appointments of Relevant Persons

Articles of Association

Benefits of the Fund

Change in performance fees

Change of Sharia Scholar - 4 January 2021

Change of Sharia Supervisory Board Members – 29 July 2020

Changing Address

Diversification

Fund Financials

Fund Objective

Interim condensed financial statements for the 6 month period ended 30 June 2020.

Liquidity

Monthly Fact Sheet

Notice for Al Mada Unit Holders

Notice to All Unitholders of Al Mada Investment Fund

Performance

Reduced annual fees of the auditor

The half yearly financials (30 June 2021)

the memorandum of the Al Mada Investment Fund

Amendments to the memorandum of Al Mada Investment Fund.

Amendment of the Articles of Association - Al Mada Investment Fund 18-01-2024

Sixth Addendum to the Prospectus | AlMada Investment Fund 29-09-2024

Seventh Addendum to the Prospectus - AlMada Investment Fund 29-09-2024

History NAVs

Fund Brief

Fund Name
Al Mada Investment Fund		 Subscription and Redemption
Monthly Subscription / Redemption Fee = 0.5%
Fund Manager
National Investments Company		 Management Fee
1% per annum
Term of the Fund
Indefinite		 Performance Fee
Only 20% of the amount by which the annualized rate of return exceeds 10%
Fund Capital
USD 20 to 300 million		 Net Asset Value
Calculated on the last trading day of every month
Paid Up Capital
USD 32,300,979		 Dividends
Dividends shall be paid at the discretion of the Fund Manager
Asset Value
USD 35,362,769		 Custodian & Investment Controller
SICO Funds Services Company B.S.C.
Base Currency
US Dollar		 Registrar
SICO Funds Services Company B.S.C.
Minimum Investment
5,000 Units		 Nominal Value
USD 1.000
Islamic Shari'a Committee
Raqaba Global For Sharia Consultation Ltd.		 Auditors
Ernst & Young, Bahrain
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