Al-Muzaini: 'Our timely seizing of investment opportunities has played an important role in achieving positive results'
Tharwa Investment Company announced that both its Tharwa Investment Fund and Tharwa Islamic Fund have achieved the highest returns among local funds of various kinds since the beginning of 2011 in the Kuwaiti market; outperforming the market competition and becoming the best-performing investment funds in the Kuwait Stock Exchange according to figures announced by economic research centers.
Making the announcement, Abdullatif Al-Muzaini Assistant Vice President for Local & Arab Countries at Tharwa Investment Co, said: "This excellent performance that has been achieved by our Tharwa funds is a testament to the high efficiency enjoyed by the team that undertakes the responsibilities of managing our investment activities; which are carried out through carefully selecting the best stocks after conducting intensive studies and visiting target companies in order to better understand their respective strategies.
Al-Muzaini went on to say that the positive results achieved by Tharwa Investment Fund and Tharwa Islamic Fund during April 2011 have been the fruits of the company's selective buying strategies that focused primarily on blue chip stocks that had posted positive first quarter results and are expected to yield positive operational performance as well as cash dividends at the end of the current year. "Besides, our timely seizing of investment opportunities has played an important role in achieving these results without getting involved in risky speculation transactions or in quick profit-taking investments," he added.
"We, in Tharwa Investment Company, always seek to provide our clients with the best services and products through an integrated, professional research team that thoroughly study and analyze all the data on the stocks in which we intend to invest. This enhances and ensures the correctness of our decisions on investments, which is eventually reflected in our performance and results," Al-Muzaini concluded.
It is worth mentioning that Tharwa Investment Co. won two Lipper Fund Awards 2011, one each for its Tharwa Investment Fund and Tharwa Islamic Fund as the best-performing funds in Kuwait over the past three years. Tharwa Investment Fund and Tharwa Islamic Fund are two out of four funds managed by Tharwa Investment Company; the other two being Tharwa Arab Fund and Tharwa World Fund.
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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 2011
