Al-Muzaini: We always seek in Tharwa to achieve the best performance for our clients

Kuwait - 21 May 2012 Tharwa Investment Fund and Tharwa Islamic Fund achieved top positions for their performance among local funds of various types since the beginning of 2012, exceeding the overall market performance during the same period to become the best-performing investment funds on the Kuwait Stock Exchange according to figures announced by economic research centers.

Announcing the news, Abdullatif Al-Muzaini, Assistant Vice President for Local and Arab investment at Tharwa Investment Company, said "This sustained outstanding performance by Tharwa's funds comes as a fresh testament to the success of the strategy followed by us; a strategy that relies on selective and timely purchases of stocks. Besides, seizing profitable investment opportunities has played a major role in achieving these positive results without resorting to riskful speculation or quick profit taking."

Al-Muzaini pointed out that the positive financial results that have been achieved by Tharwa funds since the beginning of 2012 are the result of selective acquisitions focused on leading stocks which had posted positive results during Q1 and are expected to see even better operational performance as well as cash dividends during the current year, as Tharwa Investment Fund performance saw a growth of 11.41% over the period from the beginning of the year to the end of April, while Tharwa Islamic Fund achieved a performance posted 11.54% during the same period.

Al-Muzaini went on to say that Tharwa Investment Fund offers an opportunity to achieve strong returns in the medium and long-term with relatively limited risks through trading in the Kuwait Stock Exchange as 41.82% of that fund investments is focused on the real estate sector, with 27.18% in the banking sector and 12.78% in the services sector as at the end of April 2012. The fund hold shares of companies including Mabanee, Agility, National Real Estate Company, National Bank of Kuwait and Ahli United Bank.

As for Tharwa Islamic Fund, which invests in Sharia-compliant companies, the fund's investments are distributed as follows: 31.95% in the banking sector, 19.06% in the industrial sector and 13.06% in the services sector as at the end of April 2012. The most outstanding stocks held by this fund are shares of companies including: Kuwait Finance House, Ahli United Bank, Boubyan Bank and Boubyan Petrochemical Company.

"In Tharwa, we always seek to offer the best services and products to our clients. Through our integrated team whose member's conduct intensive research, studies and data analysis of stocks in which we invest. This enhances our investment decisions; which, in turn, show up on our performance and financial results," Al-Muzaini concluded.

About Tharwa Investment Co.        
Tharwa Investment Co. is a company specializing in the field of asset management and investment services. Tharwa Investment Co. was founded in 2006 with a paid-up capital of KWD 15 million. The company was established by the synergic efforts of a team of specialized entrepreneurs and highly experienced professionals in the investment industry. Tharwa seeks and hopes to reach a leading position in the investment sector through focusing on asset management services and offering innovative investment products that live up to its clients' aspirations as well as meet their respective goals and purposes.

For more information:
Tharwa Investment Co.
Tel: +965 22243000
Fax: +965 22243099
Mobile: +965 99680222
E-mail: news@tharwa.com

© Press Release 2012