The KMEFIC FTSE Kuwait equity UCITS ETF (KUW8) is the only ETF in Europe to provide targeted exposure to Kuwaiti companies. here are the top 10 holdings, as of 7th May 2019

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KUW8
KMEFIC FTSE KUWAIT
EQUITY
UCITS ETF

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Laws”).
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Kuwait Finance House was established in 1977 as Kuwait’s first Islamic bank. It
received 170 applications to open new accounts on its first day of operation on
31 August 1978. KFH opened in temporary headquarters onAhmad Al-Jaber
Street, before moving to the Emad Commercial Center in 1983 and then its
present-day location onAbdullah Al-Mubarek Street in 1986. By 1983, KFH was
the only Islamic Bank listed on the Banker’s list of the top 100 Arab Banks. In
1984, KFH was listed on the Kuwait Stock Exchange.
15.8%

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The foundation of National Bank of Kuwait started in 1952 when a prominent Kuwaiti
merchant who went to the British Bank of the Middle East to open a letter of guarantee
for the amount of 10,000 Indian rupees, (which is equivalent today to 50 KD). His
request was rejected.This well-known merchant was shocked and appalled by the
treatment that he had received.This incident gave rise to the question and the idea of
having a national bank. An Amiri decree was issued on 19 May 1952 to establish the
National Bank of Kuwait.Today NBK is one of the largest and most profitable banks in
the region.
15.1%

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Ahli United Bank B.S.C., together with its subsidiaries, provides retail, commercial,
Islamic, investment, and private banking products and services. It also offers global
fund management and life insurance services.The company operates in four segments:
Retail Banking, Corporate Banking,Treasury & Investments, and Private Banking.
14.9%

6. 6
MobileTelecommunications Company K.S.C.P., doing business as Zain is a mobile
telecommunications company founded in 1983 in Kuwait as MTC (Mobile
Telecommunications Company), and later rebranded as Zain. Zain has a commercial
presence in eight countries across the Middle East with 46.9 million active customers as
of 31 March 2018.
12.9%

7. 7
Agility is a publicly traded global logistics company headquartered in Kuwait, providing
freight forwarding, transportation, warehousing and supply chain management
services to businesses, governments, international institutions and relief agencies
worldwide. Agility has more than 22,000 employees
8.9%

8. 8
Gulf Bank is one of the largest banks in Kuwait with a broad offering of consumer
banking, wholesale banking, treasury, and financial services. Gulf Bank was founded in
1960, and listed as GBK on the Kuwait Stock Exchange (KSE) in 1984.
6.8%

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Boubyan Bank is one of the emerging banks in Kuwait and GCC, benefiting from its
relation with National Bank of Kuwait, the major shareholder, which is ranked among
the largest 300 banks worldwide. Boubyan Bank provides a variety of banking services
to individuals and corporate customers.The main activities of Boubyan Bank includes
accepting deposits, establishing investment funds, and trading in real estate.The Bank
deals with all types of Islamic transactions
5.9%

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Boubyan Petrochemical Company KSCP is a Kuwait-based company engaged in direct
investments within the industrial sector.The Company is primarily involved in the
manufacture of petrochemical material and their derivatives
4.6%

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Humansoft Holding Company K.S.C.P., together with its subsidiaries, establishes and
operates universities and colleges, and private training institutes in Kuwait and
internationally. The company operates throughTraining and Career Development
Programs, EnglishTraining, Learning Solutions, and Higher Education segments.
4.1%

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National Industries Company (NIC) is the leading and one of the most prestigious
companies specialized in the manufacture and marketing of building materials and
infra-structure products in Kuwait.
The company was established in 1960 and is a subsidiary of National Industries group
(NIG) which has a portfolio of many industrial and financial companies in the Middle
East, Europe and North America.
NIC owns 16 factories and two rock quarries. Its work force consist of 1800 employees
2.7%

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