AL-Sumait : Global is the first company to offer SMS service for Forward Trading clients in Kuwait

Mr. Bader Abdullah AL-Sumait - Executive Vice President, Local & GCC Investments at Global, said

"That the offering of this service comes in line with our keen interest in maintaining constant communication with forward traders in Kuwait, ensuring that we update them with any information concerning their contracts."

The mobile SMS contains basic data such as the name of the company, number and value of the contract, residual amount and contract maturity date. Global offers this service to all its forward trading clients free of charge and automatically, without the need for their subscription.

The Service offered by Global since last year, is similar to future trading service, except that it is executed during the trading hours of the Kuwait Stock Exchange. The concept of the service revolves around providing the investor with the opportunity to buy larger amounts of shares against payment of an amount less than the total value of the shares purchased. As a result Global finances the remaining portion of the deal value against a pre-determined interest paid along with the first payment of the deal value.

"Forward trading enables the investors to diversify their investment instruments and to invest in a greater number of companies listed on Kuwait Stock Exchange. The competitive advantage side of this service, is that we constantly renew our clients contracts, " AL-Sumait said.

Global is very well known for its pioneer role of launching a wide range of innovated products, particularly a wide spectrum of investment funds with unique investment strategies. Global's investment funds cover the local, GCC and international markets, including Al Durra Islamic Fund- the best performing fund, among Islamic funds in Kuwait for 2005, Global Al Ma'moun Fund, Global Opportunistic Fund, Global Distressed Fund, Global Asian and US real estate funds, and other successful funds.

What distinguishes us at Global is the dedicated efforts of our professional staff who work in a one-team spirit in their quest for presenting new concepts and ideas that serve the interest of the clients, enabling them to easily and conveniently follow up their investments, AL-Sumait added.

Concluding his statement, AL-Sumait expressed his deep appreciation of the customers' confidence in the company and their support of its endeavors, as well as their increasing demand on all investment products and services offered by Global.