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Global is keen on attracting national cadres, says Al-Sumait

Mr. Bader Al-Sumait, Executive Vice-President at Global, affirmed in a speech given at the 25th annual conference of the National Union of Kuwaiti Students - United States branch (NUKS-US) conference that Global's participation comes as part of its corporate social responsibility and its keenness on performing its social role in parallel with its financial activities.

Mr. Al-Sumait pointed out that the company grasps from such occasions a serious chance to interact and reach out to the largest number of students. Global's Management stressed the implementation of a special policy to encourage Kuwaiti students in all aspects of their educational career. The conference was held under the patronage of His Highness the Crown Prince Sheikh Nawaf Al-Ahmed Al-Jaber Al-Sabah and sponsored by Global under the title of "Together We Create the Nation".

Mr. Al-Sumait stated that Global's participation at the conference stems from its strong belief of the importance of interacting with Kuwait's future generation, especially those studying abroad. He emphasized that this conference carries a noble message focusing on creating a nation.

He clarified that the current local market carries a number of opportunities in an array of economic sectors in par with the expansion of Kuwaiti investment companies. Global has a strategic plan in making the company attractive to the national workforce.

Al-Sumait mentioned that Global has certain standards that it uses in recruiting new employees. Employees must be university degree holders in related fields such as Management, Finance, Marketing, Accounting and Economics; as well as having bilingual language skills.

During his participation at the economic seminar held during the conference under the title "The Kuwaitization Policy after Nine Years of Implementation", Mr. Al-Sumait stressed that since its establishment ten years ago, Global continuously invests in its employees by offering them training courses such as advanced finance courses as well as sending them abroad to attend conferences and seminars".

He added:
"100 new employees joined Global in 2007. They underwent required training sessions to be able to work efficiently and professionally. Global employees totaled 451 in 2007, 377 of whom work in the company's headquarter in Kuwait."


Mr. Al-Sumait pointed out that Global continuously invests in its employees by offering them training courses such as advanced finance courses as well as sending them abroad to attend conferences and seminars. A large number of Global's employees have received the Chartered Financial Analyst (CFA) certificate as well as other certificates related to their careers in which Global highly supports and sponsors.

He said that the number of training days at Global attended by its employees reached 2700 days at the end of 2007.

He added that Global is in the process of investment and geographical expansion which entails raising the standards of employees as they are the company's most valuable assets, especially since Global is in the verge of a major turning point that requires recruiting new employees. She added that investing in our employees is a major factor in any development program.

Regarding the role that Global plays in attracting Kuwaiti employees, Mr. Al-Sumait stressed that the private sector in any country plays a vital role in employing national employees, as well as supporting and revitalizing the economy. The economies of the world's major countries depend on the activities of the private sector, to support national cadres.

He stressed that Global is considered to be one of the largest investment companies in the region, and has participated in the conference for the third consecutive time. It presented the students with the most important information and developments in the financial, educational and social arenas via seminars and debates presented by the conference's participants. Additionally, Global's participation contributes to making the private sector attractive through its participation in the joint programs with the union's job fair.

Mr. Al-Sumait concluded, "The international financial crisis will not continue for long and its effect on the recruitment process will be temporary, and recruitment will return to normalcy. At the end, survival is for the fittest."

Global presented souvenirs to the Kuwaiti students and attendees who came from different parts of the US to attend the event during its sponsorship of Nabil Shuail's concert.

It is worth mentioning that the NUK-US conference is considered to be an open arena for debates, discussions and exchange of ideas and opinions through debates and seminars revolving around an array of topics ranging from politics, economy, sports and education with the added value of the presence of important personalities along with recreational activities to add more interaction between the union and the students.
Mr. Bader Al-Sumait, Executive Vice-President at Global, at the 25th annual conference of the National Union of Kuwaiti Students - United States branch (NUKS-US) conference. 
Mr. Bader Al-Sumait, Executive Vice-President at Global, at the 25th annual conference of the National Union of Kuwaiti Students - United States branch (NUKS-US) conference.
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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, Dubai and London 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 KD2.7bn ($10.2bn) by 30th September 2008.

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