KFH — KUWAIT'S INVEST GB GETS NOD FOR UP TO KWD 500M ISLAMIC EQUITY FUND

Kuwait's Invest GB, the investment arm of Gulf Bank, has received preliminary approval from the Capital Markets Authority to launch the Al-Badr Islamic Gulf Equity Fund. The Sharia-compliant open-ended fund will have a variable capital ranging from a minimum of KWD 2 million to a maximum of KWD 500 million. This marks the third fund launched by Invest GB in two years, targeting investments in leading listed companies across the GCC.