Tharwa Investment Company, a Kuwaiti company with a paid up capital of 15 million Kuwaiti dinars (Dh195m), yesterday announced the launch of a new fund to expand the offers for its investors on local and regional level.
The Tharwa Arab Investment Fund will deliver medium to long-term capital appreciation primarily through investing in a diversified portfolio of quality stocks listed or about to be listed on the stock exchanges in Kuwait and Middle East and North Africa (Mena) region.
The fund is designed to provide investors with balanced return-risk profile and a reasonable degree of liquidity.
The minimum investment amount for participating shares in the Fund is KD50,000 per investor.
Tharwa said it formed a team with depth knowledge of the financial markets and long experience in fund and asset management. It had total assets under management of KD200 million by the end of December 31, 2007.
"Our successful start on the Kuwaiti market and the massive growth of our company assets during our first year encouraged us to replicate our success in the Mena region. With our company expanding to Saudi Arabia by establishing the Tharwa Saudi Company and in Bahrain with TIC Real Estate Company, we are on the right track to become one of the premier investment companies in the region, said Sami Essa Al Hasawi, Managing Director and Executive President of the company.
"With the Tharwa Arab Investment Fund we offer our clients customised and innovative investment opportunities on both national as well as regional level.
"We always seek to exceed our clients' expectations, therefore it is crucial to expand into new markets, create new and innovative products and at the same time secure our clients' investments by profound services and expertise provided by our experienced management team," he added.