NBK highlights investment opportunities for Thahabi customers

The event was held at Al-Raya Ballroom, Marriot Courtyard Hotel on 6th May and attended by a host of NBK Executives headed by NBK DCEO Adel Al Majed. Key issues such as the investment and economic conditions in the region and the opportunities available for the Thahabi investor concerned with the best strategies for successful capital preservation and growth were discussed.

CEO of NBK Capital Salah Y. Al-Fulaij said, "At the seminar we presented NBK's affluent customers with innovative investment products which were designed primarily with capital preservation and sustainable growth in mind. The event also showcased the benefit from the investment opportunities available in the local and international markets."

Highlighting the key reason behind organizing this kind of a seminar said Al Fulaij,

"With surge in liquidity especially in Kuwait and the middle-east region due to high oil prices, demand for local and international savings and investment products has skyrocketed as investors have shown an increased appetite for seeking out conventional and alternate products to meet their requirements."

The Thahabi investment seminar feature was a packed event. In attendance were George Richani, Deputy General Manager & Deputy Treasurer at NBK, Karim Kamal, Head of MENA Research, NBK Capital, and special guest speaker Mike Azlen, CEO of Frontier Capital Management, the Manager of NBK Frontier Multi Asset Fund and Thahabi Multi Asset Fund - both funds winners of the 2008 Hedge Funds World Award for the Middle East's 'Most Innovative Product', briefed investors on the evolution of strategic asset allocation and global diversification.

"The attendance at the seminar was overwhelming. Thahabi customers and management got a chance to engage and discuss the current investment climate in the context of the key socio-political and economic issues affecting local and international markets", concluded Al Fulaij.

Thahabi is the Premier affluent package from NBK that offers customers personalized and 'best in class' products and services, delivered by professional Personal Banking Officers.

Furthermore, Thahabi customers also enjoy many banking related discounts, fee waivers and value-added lifestyle benefits. Qualification for the Thahabi package is subject to meeting the minimum deposit criteria of KD30,000 in any interest or non-interest bearing account and/or a minimum continuous monthly salary transfer of KD1,500.