KFH Capital Investment Company, the investment arm of the Kuwait Finance House (KFH), has successfully achieved significant milestones in various sectors throughout 2024. Abdulaziz Al-Marzouq, CEO of Baitak Capital, stated that the company has led and arranged sukuk issuances, including sovereign and corporate issuances amounting to approximately $17.8 billion across different sectors and geographical regions during the year.
Furthermore, the company has solidified its leadership position in the sukuk market by acting as the joint lead manager and subscription agent for issuances valued at $6.5 billion for sovereign funds in the region.
In line with the bank's ambitious growth plans in wealth management, Al-Marzouq explained that Baitak Capital has successfully marketed lease funds, two real estate funds, and a US dollar cash market fund, designed to provide balanced returns commensurate with client risks. The investment objective of lease funds aims to achieve attractive returns through a concentrated portfolio primarily focused on lease-based assets. Meanwhile, the US real estate fund seeks to generate stable income by investing in a diversified portfolio of residential land in key urban areas in the United States. Additionally, the UK real estate fund focuses on two student housing properties in London.
These initiatives signify the ongoing expansion of Baitak Capital's international investment portfolio and reflect the company’s increasing presence in the North American and UK real estate markets, following over 25 years of experience in those markets. Al-Marzouq noted that the asset management sector at Baitak Capital remains committed to delivering innovative, value-added services and solutions to clients. Last year underscored the excellence in trading services, and he expressed pride in showcasing a comprehensive approach to asset management focusing on strategic diversification of portfolios and risk management.
He added, “Our specialized team works closely with clients to understand their financial goals, ensuring that our investment strategies align with their aspirations. We will continue to enhance our client relationships and achieve sustainable growth by offering innovative investment solutions and products.”
The company maintained its prestigious position during 2024, winning distinguished global awards, including: Best Hybrid Financial Deal from Islamic Finance News (IFN) - Best Investment Bank in Kuwait from Global Finance - Best Islamic Finance Deal for a $2.5 billion sukuk issuance for the Republic of Turkey, and Best Fixed Income Company in Kuwait from Euromoney.
In addition to these achievements, Al-Marzouq pointed out that 2024 was pivotal for digital transformation at Baitak Capital, with the launch of two effective initiatives: the first being an integrated investment management portal with internal systems, enabling employees to complete tasks that previously required their physical intervention and client presence. The second initiative is a mobile application carefully designed to provide clients with a comprehensive view of their investments and simplify the subscription process to any public funds offered by Baitak Capital.