The commission structure issued by Boursa Kuwait for the segmented market as follows: I… Bahrain announced regulations for REITs in November 2016, with the country’s first REIT launched in the form of the Eskan Bank Realty Income Trust in January 2017. All Rights Reserved. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. REITs pools the capital of numerous investors, which allows individual investors to earn a share of the income generated from real estate ownership, without having to buy or finance property or assets. The initiatives to be implemented in this stage include: ... • Introducing a trading platform for mutual funds, including REITS. Kuwait privatised its stock exchange in 2014, establishing Boursa Kuwait to assume responsibility of the exchange. Boursa Kuwait was founded on April 21st, 2014 by the Capital Markets Authority Commissioners’ Council Resolution No. All Rights Reserved Disclaimer and terms & conditions of use. is to provide to a transparent platform to trade REIT (traded) in compliance with Sharia and as per the Article of Association of each REIT. Boursa Kuwait witnessed its third trading suspension during the last period after losses exceeded 10%. Halliburton wins oil contract in Kuwait. Boursa Kuwait’s Role is to provide to a transparent platform to trade REIT (traded) in compliance with Sharia and as per the Article of Association of each REIT. © Copyright 2020 Boursa Kuwait. Al-Hajraf dedicated the prominent achievement to His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah. The new phase includes raising the efficiency of the trading mechanism and launching the platform of trading on real estate investment traded funds (REITs). Boursa Kuwait Posted. Kuwaiti assets have done well 2017 has treated Kuwait (GULF) quite well so far. KUWAIT: Boursa Kuwait participated in the ‘Investing in Kuwait’ virtual forum, the third in a series of digital briefing events held from London Silicon Valley, and online. KFH Capital REIT will have a fixed capital of KWD 100 million, according to a … Boursa Academy - Investors buy and trade securities that are issued by companies and governments that need to raise capital. Boursa began an overhaul of its operating practices, creating a transparent capital market platform that adheres to rigorous international governance standards. Our Market Development plan is in its third phase, which includes the introduction of products like real estate investment trusts (REITs), short selling and SLBs, security swaps and tender offers. The new investment reflects KFH Capitals’s efforts in diversifying investment opportunities, while offering new solutions to help customers achieve profitable revenue, hence, reflecting positively on the company’s footprint in the region. 10°C . REIT is a traded fund that owns and operates income-generating real estate and real estate related assets. Kuwait Finance & Investment Co. K.S.C. These developments are expected to boost Boursa Kuwait’s position and performance, the sources added. Boursa Kuwait’s Role is to provide to a transparent platform to trade REIT (traded) in compliance with Sharia and as per the Article of Association of each REIT. [citation needed] Its name changed to Boursa Kuwait … Kuwait Breaking News COVID-19: Kuwait travel agencies losing KD 8 million per month. Have news to share? Minimum number of unit holders: 225 with KD 5,000 lot or 450 with KD 2,500 or 900 with KD 1,250 lot with a Minimum float value: KD15 Million, Minimum number of unit holders: 225 with KD 5,000 lot or. Investors with small capitals willing to invest in real estate since REITs require a low entry cost, Investors who are not interested in managing the property itself, Investors interested in receiving periodical income from real estate investment. Kuwait - 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. REITs are required to distribute at least 90% of the fund’s Net Profit at least once annually. The Boursa Kuwait CEO touched on the upcoming plans for the market, saying that the focus will be on tools related to the family companies market, institutions of individual nature, in addition to profitable real estate funds and the REITs index. What makes a Real Estate Fund different than a REIT? KFH Capital REIT will have a fixed capital of KWD 100 million, according to a recent press release. KUWAIT: Boursa Kuwait participated in the ‘Investing in Kuwait’ virtual forum, the third in a series of digital briefing events held from London Silicon Valley, and online.