Global awarded "Best Equity House" in Kuwait

In an event held last Thursday at the Ritz-Carlton Hotel, Bahrain and attended by world media and business personalities, the magazine presented the award to Mr. Omar M. El-Quqa, Executive Vice President at Global, who expressed the company's deep appreciation for this recognition.

"This award is an international recognition to Global's affective role in the Kuwaiti capital market," he said after receiving the award. It is a result of discipline, hard work, and commitment to our clients and the capital market," Mr. El-Quqa added.

"We have always aimed high and to be the best in what we do, no matter how, where or, when," he added. This award is for all Global staff and clients who believed in the company and its team, El-Quqa said.

The magazine cited Global's "Work in trying to bring more transparency and sophistication to GCC equity market" in its award dedication letter.

Mr. El-Quqa thanked the international financial magazine for this distinction, and stressed its significance to Global's staff and clients.

He pointed that the award puts both an added responsibility on the shoulders of the management and employees, and is looked upon as a push to excel further more and maintain diligence.

"This recognition comes after four months from receiving the coveted Gulf Excellence Award," Mr. El-Quqa added.

Global EVP continued, "The company has witnessed many successes recently leading to assets under management reaching USD4 billion."

Among Global's recent achievements, it's introduction of three new indices in 2005, the Global GCC Large Cap. 30 Index, Global GCC Investable 100 Index, and Global Index for Qatar Stock Exchange performance. The indices are part of our series of indices, leveraging the success of the company's Kuwait Stock Exchange (KSE) Indices.

The company continuously releases in-depth financial and investment reports and researches on local and regional companies, covering different sectors, and industries. Global is the only company in the region that provides technical company and stock analysis.

Global has successfully launched two new companies in the first quarter 2005, with a capital of KD60 million. The first was First Bahrain Real Estate Development Company with a capital of KD30 million. The second was Al-Soor Financing & Leasing Company KSCC (Al-Soor) as a conventional consumer finance company.

Currently, Global is managing private placement for three companies Al-Nawadi Holding Company, National International Holding Company, and Al-Waseela Real Estate Development Company.

It is worth mentioning that Global has managed the private placement for 24 companies to over KD405 million, established 16 companies with a total capital of KD340 million, in addition to listing around 13 companies at the Kuwait Stock Exchange.

In conclusion, Mr. El-Quqa thanked Euromoney magazine for the award and expressed his heartfelt pride in receiving the "Best Equity House" in Kuwait award. He stressed again Global's commitment towards excellence to deliver financial and investments products and services that go beyond the market's expectations, and elevate the capital market bar in Kuwait and the region.