Al-Ghunaim: Assets under management cross USD5 billion barrier

Mrs. Al-Ghunaim expressed her profound delight for this breakthrough in the company's investment history. She said, "I'm extremely pleased to announce that our assets under management have crossed the $5 billion barrier.

"It is the outcome of intelligent investment," she confirmed. Adding, "This latest accomplishment is only the beginning, and it has a lot of positive connotations."

Mrs. Al-Ghunaim explained by saying, "Some of these indicators are our clients' trust in Global's abilities and its various investment products, and our commitment to the highest international standards that spans our staff and products. It is also the outcome of meticulous research, planning, and execution, in addition to our pursuit of excellence."

Global managing director expressed her gratitude to the clients for their trust, and their continuous faith in Global and its investment products.

She added, "I would like to confirm to our valuable clients that their money has been, and will always be, managed according to the highest investment standards that are implemented worldwide."

Forbes magazine choose Global as the "Best Equity House in Kuwait" for 2005.

This year, the company continued its commitment to its expansion strategy towards the GCC and other regional markets. Global Bahrain office has been active in promoting the company's investment products, a representative office has been in Dubai, and its investment projects cover markets between Jordan and Oman.

As for recent investment products and tools, Global has launched products in Kuwait, GCC region, and the USA. One of these investment opportunities is the Global GCC large Cap. Fund, which invests in large capital stocks in the GCC markets.

Global has introduced a number investment funds during the year. The GCC Real Estate Fund, a Shari'a-compliant fund, was launched in partnership with Alargan International Real Estate Company. The company also introduced US Real Estate Fund, which invest in select properties in the US.

Private placement witnessed two promising real estate companies in Bahrain and Qatar; First Bahrain Real Estate and First Qatar Real Estate. Locally, Global acted as the lead manager for the placement of real estate and entertainment companies.

This year saw the introduction of value-added investment services for our clients; Portfolio Management Service, to help clients easily manage their investments in the GCC, and Future Contracts Service "Futures" at the Kuwait Stock Exchange.

Mrs. Al-Ghunaim praised the Global shareholders for their unrelenting support and promised them with more accomplishments, not this year only, but upcoming years too as the company will continue its long-term strategy.

In conclusion, she affirmed that what was accomplished today is only a small part of Global management and staff ambitions whom she also thanked for their loyalty and commitment to excel.