Global Opportunistic Fund I declares a pay out of 5%

Notes and media contacts

About Global's Private Equity Team:
Global's private equity investments began shortly after establishing Global in 1998 and has managed to develop further as its first private equity fund was launched in 2003. Starting with a team of 3 in 2005, the private equity team today employs a team of 38 professionals, the largest dedicated private equity team & investment professionals in the MENA region with cumulative work experience of more than 200 years.

The team comprises of 11 nationalities spanning the MENA region and South Asia enabling it to prove a local perspective for deals in all target regions. The teams employs diverse work experience and backgrounds ranging from private equity, investment banking, transaction advisory, venture capital, financial research, strategy consulting, credit rating and auditing. The team employs its in-house due diligence team for quick and thorough financial due diligence on time critical deals. The Private Equity Team currently manages nearly $3bn from 5 funds of which it committed more than $1.2bn into over 50 portfolio companies spread across the MENA region, Turkey, India and China spanning across 15 different sectors.

About Global Investment House "Global":
Global Investment House "Global" is a full-fledged investment company incorporated in 1998, and falls under the regulation of the Central Bank of Kuwait. Its underlying foundation is to meet the high expectations of local and international clients, and to enhance the investment service industry and the capital market in Kuwait and the region. Today, Global stock lists on the Kuwait, Bahrain, and Dubai Stock Exchanges.

Global plays an important role in promoting investment opportunities in the MENA region to investors through expert financial engineering, in-depth research and reports to advance the capital market in the region. Thus, Global's achievements have been recognized on local, regional, and international levels. The company's current assets under management reached KD2.5bn ($9.4bn) by 30 June 2008.

For further information, kindly contact:
Nazem Y. Al-Ghabra
Media Relations Executive
Tel: +965 295 1628
Fax: +965 295 1638