Dimah Capital has received approval from Capital Markets Authority in Kuwait to launch a new Dimah Global Equity Fund, which seeks to capture opportunities in the global equity markets.
The fund, with a minimum subscription US$10,000, is designed to meet the needs of individual investors and institutions who are seeking to develop their capital, generate high growth and high capital gains.
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The new fund will focus on capital development and achievement of long-term returns from global stock markets by investing in the stocks of companies all over the world, and targets on companies with good and sustainable growth rates.
Sameer Al-Gharaballi vice chairman and managing director at Dimah Capital said: "The investment fund, which maximum capital is estimated at US$500 million, will include a variety of investment options that will achieve high returns with minimal risks and relies on the diversification of investments, rather than on one type of markets only."
Al-Gharaballi added that the fund falls within the framework of the efforts of Dimah Capital to provide innovative investment products to its customers in Kuwait.
"The launch of the Fund is an important testimony to the company’s strength and position in the investment sector. This is another important factor reflecting the importance of the fund’s special structure and the rich experience of the company’s management team in the investment sector and global stock markets," he added.
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