Kuwaiti Markaz Real Estate Fund has proposed to pay 5.5 Kuwaiti fils ($0.019) per unit for the period December 1 to 31, 2004 to unit owners of record on January 26, 2005, it was reported on Monday.
The announcement came after the trading of the fund's units on the Kuwait Stock Exchange (KSE) was suspended, pending the release of the fund's 2004 financial statements. The fund's manager, however, said the financial statements for 2004 had not been prepared yet.
The capital of Markaz Real Estate Fund is divided into units at a par value of 1.0 dinar.
