| 18 Nov 2008 |
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Global holds its Second Annual Private Equity Meeting in the United Kingdom
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Attended by a large Number of Investors
Kuwait: Global Investment House (Global)Global Investment House (Global)
held its second annual Private Equity Meeting on November 6th to 7th, 2008 at The Grove Resort located in one of London's suburbs. The meeting was attended by a large number of investors who invest in private equity funds managed by GlobalGlobal. A number of interested investors wishing to invest in MENA private equity funds also attended the meeting.The annual meeting held by GlobalGlobal aims to create a close relationship between investors and the company managers that GlobalGlobal's private equity funds invest in. Additionally, the meeting enables GlobalGlobal to assess the strengths and performance of the companies as well as to foresee their future plans.
In the opening speech given by Mrs. Maha Al-Ghunaim, Chairperson and Managing Director at GlobalGlobal
, she discussed the company's major achievements as well as the excellent performance of the private equity team during the past four years. She also discussed the state of the regional and international financial markets as well as GlobalGlobal's optimistic outlook at the MENA markets. Mr. Shailesh Dash, Senior Vice President and Head of Alternative Investments at GlobalGlobal
spoke about the achievements of GlobalGlobal's private equity team in managing funds. The private equity team manages five private equity funds with assets under management of USD3.2 billion, out of the USD10.2 billion total assets managed by the company on behalf of its clients. The team has invested USD1.8 billion in 54 companies distributed in 11 different sectors in the MENA region, as well as in Turkey, China and South Asia. The team has returned an IRR of 61 percent through its unlisted funds.Mr. Shailesh concluded by speaking about GlobalGlobal's plans to launch new private equity funds. A number of CEO's representing their companies invested in the private equity funds after speaking of their companies, achievements and future plans as well as the additional value presented to them by GlobalGlobal.
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About GlobalGlobal Investment House "GlobalGlobal"
GlobalGlobal Investment House "GlobalGlobal" is a full-fledged investment company incorporated in 1998, and falls under the regulation of the Central Bank of Kuwait. Its underlying foundation is to meet the high expectations of local and international clients, and to enhance the investment service industry and the capital market in Kuwait and the region. Today, GlobalGlobal stock lists on the Kuwait, Bahrain, Dubai and London Stock Exchanges. GlobalGlobal plays an important role in promoting investment opportunities in the MENA region to investors through expert financial engineering, in-depth research and reports to advance the capital market in the region. Thus, GlobalGlobal's achievements have been recognized on local, regional, and international levels. The company's current assets under management reached KD2.7 billion (USD 10.2 billion) by 30th September 2008.
For further information please visit www.globalinv.net or contact:
Nazem Y. Al-Ghabra
Media Relations Executive
Marketing and Communication Department
E-mail: nalghabra@global.com.kw
Direct: +965 2295 1628
Fax: +965 2295 1638
© Press Release 2008
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