Kuwait – Global Investment House (Global), a regional asset management and investment banking firm headquartered in Kuwait, with offices in major capital markets in the MENA region, held today its Ordinary General Meeting (OGM) and elected a new board of directors for the coming three years to represent changes in shareholders’ structure following acquisition of majority stake by KAMCO Investment Company.

Shareholders approved the dissolution of the current board of directors and elected a new board of directors for three years including:

- Faisal M. Sarkhou (representing KAMCO Investment Company)
- Mohammed Al-Hubail (representing Al-Zad Real Estate)
- Khaled Fouad (representing First North Africa Real Estate)
- Mazen Hawwa (representing Al-Diyafah United)
- Joseph Kawkabani (representing Nawasi United)
- Abdul Wahab Al-Halabi (representing Kubbar Real Estate)
- Khalid Al-Shamsi (Independent Director)

Furthermore, Pietro Castronovo (representing Plans United) was elected as first reserve member and Ali Al-Hindal (representing Tadamon United Holding) as second reserve member.

Shareholders also ratified the appointment of advisory bodies, approved and licensed by the Capital Markets Authority, to discuss the possible merger with KAMCO Investment Company following the submission of both companies a joint application to the Capital Markets Authority showing the desire to merge where KAMCO will be the merging company and Global the merged company.

The newly elected board held its meeting after the OGM and named Faisal Sarkhou Chairman of the Board and Khaled Fouad Vice Chairman. The Board will reconstitute its committees namely the Board Audit Committee, the Board Remuneration Committee and the Board Risk Committee in another meeting.

–Ends–

For further information:

Moustafa Zantout
Senior Vice President
Marketing & Investor Relations
Global Investment House
Tel: +965 2295 1615
Fax: +965 2295 1638
E-mail: mzantout@global.com.kw

© Press Release 2018

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.