• What is a Money Market Fund?

  Money Market Funds invest primarily in short-term interest bearing securities. The investment instruments include government treasury bills and bonds, corporate bonds, commercial paper, fixed deposits and certificate of deposits (including repurchase agreements). Money Market Funds are generally low-risk, high-quality investments.

• What is the Watani KD Money Market Fund?

  The Watani KD Money Market Fund is an open-ended fund, which aims to generate returns that are in excess of the KD Fixed Deposit rates. This will be achieved through investing in high-quality money market instruments such as government treasury bills and bonds, corporate bonds, commercial paper, fixed deposits and certificate of deposits (including repurchase agreements).

• What are the advantages of investing in this Fund?

  Potential returns higher than Fixed Deposits 
  Easy access to your money
  Investment in high quality securities
  Low-risk investment

• What is the minimum investment?

  The minimum investment is KD 25,000 with additional investments in multiples of KD 1,000. There is no maximum investment amount.

• Who should invest in the Fund?

  The Watani KD Money Market Fund is suitable for investors who are seeking to generate returns higher than KD Fixed Deposit rates with minimal risk.

• How will the Fund's investments be allocated?

  The Fund's investments will be diversified and approximately allocated between different money market instruments

•  What kind of returns should investors expect?

  Investors should expect returns in excess of the KD Fixed Deposit rates.

• What are the risks involved with the Fund?

  The Net Asset Value of the Fund could fluctuate due to changes in interest rates. Also, the Net Asset Value of the Fund is subject to the risk of non-payment of interest or principal by the underlying borrower. Such non-payment could result in a reduction in the value of the investment experiencing non-payment and a potential decrease in the Net Asset Value of the Fund. In addition, changes in the financial condition of an issuer of a financial instrument can affect the credit quality or value of an issuer's securities in which the Fund may invest.

• Will there be any income distribution?

  There will be no income distribution. Interest and dividends will be reinvested and reflected in the Net Asset Value.

• How does an investor make money through this Fund?

  Profits are realized through the appreciation of the Net Asset Value.

• How does one invest in the Fund?

  Any individual*, company or establishment can invest in the Fund. Simply fill out and submit a subscription form available at any NBK branch in Kuwait. The Fund will be open for subscription during the initial offering period from May 12th to May 30th, 2002 and thereafter the Fund is open for liquidity on a weekly basis. Subscription applications must be submitted by the latest on Monday at 12:30 pm every week.

• How can an investor get his or her money back?

  The Fund provides weekly liquidity on which investors may choose to redeem their investments partially or fully. Redemption applications must be submitted by the latest on Monday at 12:30 pm. Redemption proceeds are usually paid within 2 business days.

• Is it possible to invest on behalf of minors?

  Yes.

• How can I obtain information on the Fund's performance?

  Information regarding the Fund's performance and NAV's will be available on a weekly basis at NBK's web site (www.nbk.com) under the Investment Center. Quarterly performance reports will be sent to investors. Additionally, investors can call 801-801 for further information or contact their Relationship Manager.

* Certain restrictions apply