AL-Sumait: Total cash distribution for Global funds exceeded $50m in 2009

Mr. Bader AL-Sumait, Chief Executive Officer at Global, stated that, in accordance to Global's policy of constantly placing the clients' interest at the forefront, the company, despite the market's situation, has distributed cash dividends this year to clients investing in its funds.

Mr AL-Sumait added, "Our clients have appreciated the action Global has taken to distribute cash, especially under the circumstances the markets are facing."

Mr. AL-Sumait said that Global's Assets under Management (AUM) exceed $7bn and that the company's funds have excelled on several levels. In addition to the cash dividends that Global paid out to clients in light of the financial situation and the lack of liquidity, the investment funds managed by Global have outperformed their respective indices and peers.

He added, "Global's fund managers' talent is a main factor in achieving such positive returns during tough economic conditions. These results confirm that the fund managers at Global have set and executed sound investment strategies."

Global's achievements in asset management have been appreciated by several parties. The company was ranked as the 126th private equity firm in the world and 20th in Asia by Private Equity International and Private Equity Asia respectively. Global also received the 'Best Islamic Fund Manager' award at the 'Islamic Business and Finance Awards' hosted by CPI Financial in Dubai earlier this year and at the "International Real Estate Finance Summit 2008" hosted by ICG in London.

As part of Global's commitment to enhance the products and services it offers its clients, the company introduced a new Account Statement to its clients at the beginning of August 2009. The new Account Statement is designed to provide clients with easier to read and more comprehensive information on their portfolio with the company.

Mr. AL-Sumait concluded, "We are committed to providing the best to our clients and we will soon launch some new services that will upgrade the level of service we offer to our clients."

Global's investment funds distribution during the first nine months of 2009.