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Gulf Capital Investment Company announced the establishment of the Al-Badr Islamic Gulf Stocks Fund, following preliminary approval from the Capital Markets Authority. The fund aims to grow investors' capital by investing in the shares of leading companies in the Gulf markets, with a capital range between 2 million and 500 million Kuwaiti dinars. This is the third product launched by Invest GP since its founding two years ago, targeting individual, institutional, Kuwaiti, Gulf, and foreign investors, with weekly liquidity for subscriptions and redemptions. The fund tracks performance using the S&P GCC Composite Shariah Large & Mid Cap Index and commits to all investments complying with approved Shariah standards. Its goal is to achieve long-term capital growth, with a minimum subscription of 5,000 Kuwaiti dinars, and the possibility of increasing investment in multiples of 100 dinars.
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