By Mohammed Abu Meleeh

Riyadh-Mubasher: Saudi Kuwaiti Finance House (SKFH), a wholly-owned subsidiary of Kuwait’s KFH, plans to launch two funds, which will invest in the real estate and Saudi equities, said Haytham Al-Rashed, director of asset management.

Al-Rashed told Mubasher that his company launched two funds over the last period, Baitk IPO Fund and Al-Waed Saudi Equity Fund, adding that the fund manager focuses on selecting the best companies in terms of cash dividends and capital gains.

The funds have showed robust performance since the beginning of 2015, Al-Rashed said, noting that his company looks for promising opportunities in the real estate and local exchange.

SKFH may invest in brokerage over the coming period, especially as it is one of the promising fields, the director said.

Translated by Abdul Maguid Aboshahla