KUWAIT : KAMCO, KIPCO Asset Management Company , announced the issuance of license for KAMCO Real Estate Yield Fund (KREYF), by Kuwait's Capital Markets Authority . KREYF invests in the real estate sector directly and indirectly and will sell, buy and lease locally and internationally. This new Fund is in line with KAMCO's strategy of launching an array of new and attractive investment products to serve its growing client base. KREYF is an open-ended real estate investment fund denominated in USD, with a variable capital of between $18,000,000 to $550,000,000 . KAMCO is pleased to announce the launch of the KAMCO Real Estate Yield Fund , considering the strong positioning and rapid development of the real estate sector in the local and regional markets, specifically in the income generating real estate properties space. The strong dynamics of the sector has motivated KAMCO to launch such a Fund that mainly focuses on investing in unique low-risk real estate assets that have attractive returns, while at the same time aiming to generate steady cash flows during the investment period, via the distribution of quarterly cash dividends. Ziad H Al-Qaissi, Chief Investments Officer at KAMCO said, "The launching of KREYF is strongly backed up by KAMCO's belief in the necessity for the market to have a diversified pool of investment products, which plays a big role in the enhancement of the local market and the product variety available to clients. The real estate sector is a fundamental component in every investment portfolio, as it has proved to be a stabilizing factor during challenging times, especially the income yielding real estate investments." Al-Qaissi continued, "KAMCO is committed to developing and providing access to diversified investment products in the local market which contributes to the growing stability of the economic and investment environment in Kuwait ." All rights reserved.
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