Global Obtains License to Operate in Qatar
Global Investment House "Global" announced today that it received a license to open a new branch for the company Global in Doha, Qatar. This new step is inline with the company’s expansion strategy in the regional markets.
Mrs. Maha Al-Ghunaim, Global's Vice Chairman and Managing Director said that the company has received license from Qatar Financial Centre Regulatory Authority to operate in Qatar, and affirmed that Global is proud to open Global-Qatar which will enable it to provide premium financial products and services for its Qatar clients.
She pointed that the new branch reflects the company’s expansion plan to increase its direct investment in that market.
“We are extremely happy to receive this license which brings us closer to our clients in Qatar to provide a variety of investment services to existing as well as new clients. “ This step is a reflection of our vision and expansion strategy to always search for diverse investment prospects wherever they are located," said Mrs. Al-Ghunaim.
She added that Global foresees several investment opportunities in the Middle East and MENA regions; however, they lack the flexibility in dealing with foreign investors and require a major revamp of their capital market rules and regulations.
“Qatar is one of the most accessible countries to invest in, due to their support and facilities it presents to foreign investors, in addition to the strength of their economy,” the Global official explained.
Global currently has branches in Bahrain, Jordan, representative offices in Abu-Dhabi, Dubai, UAE, and affiliates in The Sultanate of Oman, Tunis, Sudan, Yemen, India, and Pakistan.
Global Investment House is a full- fledged investment company incorporated in 1998, with an underlying foundation to meet the high expectations of local and international clients, and to enhance the investment service industry in Kuwait and the region.
Today Global stock trades on the Kuwait Stock Exchange, Bahrain Stock Exchange, and Dubai Financial Market. The company received several awards and recognitions internationally, and manages assets of about 1.84 million Kuwaiti Dinars (USD6.3 million) as of 31st March, 2006.
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