Global launches the Delmon Fund for its clients in Kuwait

Mr. Bader AL-Sumait, Executive Vice President, said that the fund, which invests in listed companies listed on Bahrain Stock Exchange, has recorded 44.5% returns since it inception in October 2004 till end May 2005, compared to 30% recorded by the BSE index.

As for the first five months of the current year, Mr. AL-Sumait added that the fund has recorded 41.5% (BSE index 22.5%) reflecting the experience of the team who manages the Global funds and clients' portfolios in the GCC.

It is worth mentioning that the economic prosperity in the Kingdom of Bahrain, as well as the political security in the GCC region as a whole, epitomized a strong economic push for the Kingdom.

Mr. AL-Sumait explained that the listed companies on the Bahrain Stock Exchange (BSE), one of the most recognized markets in the GCC region, have been positively influenced by the recent economic, political and regulatory changes. Consequently, the BSE is considered a lucrative market with vast potential.

He concluded by saying that the minimum investment in the fund in Bahraini Dinar 3000 with monthly liquidity.