1.　What is the nature of NBK Gulf Equity Fund?

The Fund seeks long-term capital appreciation by investing primarily in GCC equities. The Fund aims to optimize long-term returns by reducing downside risk to below that of GCC equity markets. A contribution to this objective is achieved by diversifying among various MENA countries outside the GCC and, as considered prudent, cash resources based on the investment outlook and strategy decided by the Fund's Investment Manager.

2. What is the minimum amount that can be invested in the Fund? Is there a maximum amount?

The minimum amount one can invest in the Fund is USD 25,000. The investor can increase the invested amount in increments of USD 1,000 either immediately or over time. Designed with middle-income to high-net-worth-individuals in mind, the Fund does not set any maximum limit.

3. How does one invest in the Fund?

Any individual, institution or company can invest in the Fund by filling out and submitting the Subscription Form available at any NBK branch in Kuwait. Units may be　subscribed for on each Valuation Day, subject to the condition that the Distributor, in the respective country of the Unit holder, should have received the Subscription Form at least 10 Business Days prior to the relevant Valuation Day. The prior month’s share prices are published on Sunday in Al Qabas Newspaper. One can also call 1801801, or visit our website for the past month's prices. The number of shares owned by the investor is determined by dividing the total amount invested by the share price on the day the subscription is executed. The investor will also receive a confirmation that includes the amount invested, price per share and total number of shares owned.

4. How does one redeem shares or take money out of this fund?

First, the investor should look at this investment as a long-term investment (for 3 years or more) so that they　can reap the benefits of appreciation in share prices and realize a good return. However, it is possible for investors to redeem shares totally or partially on a Weekly basis. Partial redemptions can be made in terms of amount or number of shares of the total investment by filling out and submitting a Redemption Form available at any NBK branch in Kuwait. Units may be redeemed on each Valuation Day, subject to the condition that the Distributor, in the respective country of the Unit holder,　should have received　the Redemption Form at least 2 Business Days prior to the relevant Valuation Day. The amount will be remitted to the customer usually within　five business days following the Valuation Day. Partial redemptions must ensure that at least USD 25,000 remains in the fund.

5. Will profits be distributed to the Fund’s investors at the end of each year?

Profits earned by the fund as a result of selling equities and of interest and dividends earned will be reinvested in the funds, which will allow for greater price appreciation through compounded growth of the investments. Thus, the investor will not receive annual distributions, but they can partially redeem shares in order to realize capital gains at any time.

6.　Since such an investment requires expertise and effective management, who is making the investment decisions?

Watani Investment Company K.S.C.(c) (NBK Capital) is the investment manager overseeing the investments of the Fund. More specifically, it is responsible for monitoring the portfolio structure, investment performance (both actual and relative to benchmarks) and compliance with asset and country allocations.

7. Is it possible to invest on behalf of minors?

Yes.

8. Is NBK Gulf Equity Fund available only to NBK customers, or open to all?

In as much as NBK is very much concerned about offering new products to its customers, we are always happy to see everybody making use of such products. Therefore, investment in this fund is open to all investors, Kuwaitis or residents, whether they are NBK customers or not. However, an NBK account must be opened to settle fund transactions.