Saudi Kuwait Finance House announced the launch of subscription in its second investments fund named (Saudi Equity Fund "Waed") in Saudi Riyal. The fund seeks to achieve high returns and capitalistic growth through allowing investors to primarily invest in the Saudi shareholding companies and the rights issues of shares, in addition to the IPOs.

SKFH's CEO Tarek Al-Rekheimi stated that the Saudi market is one of the biggest and promising markets in the region, which prompted the bank to seize best investment opportunities for its clients by launching the subscription in the Saudi equity fund Waed. He added that the bank's initial issuance fund has been setup.

He explained that all companies that witness investments are sharia-compliant companies and approved by the fund sharia committee.

Moreover, Al-Rekheimi noted that the fund is considered to be a group investment program that was tailored for investors who seek real returns that compete against returns yielded by other products that invest in enlisted shares.

He asserted that the fund allows investors to benefit from promising returns and significant growth opportunities that are available at some enlisted companies. In addition, the fund guarantees achieving optimal balances between risk and returns to maximize returns and achieve risk-adjusted performance for investors.

He went on to say that the fund can invest in short-term deals with high liquidity profile according to Sharia regulations to protect capital, until promising investment opportunities are available.

He added that the fund management team employs their research and analytical capabilities for promising investment opportunities in Saudi stock exchange. It is worth noting that KFH-Saudi is a Saudi closed shareholding company with a fully-paid capital of SR 500 million, and is owned by Kuwait Finance House.