Gulf Franchises Holding Company to be established

Published June 27th, 2001 - 02:00 GMT

In cooperation with a number of investors from the Arabian Gulf region, the Kuwaiti based International Investment House (Global) recently began undertaking measures to establish a close-end enterprise entitled the “Gulf Franchises Holding Company.” Capital of the new enterprise was estimated at 10 million Kuwaiti dinars ($33 million), according to Al-Hayat daily.  

 

The launch of this company follows the rapidly expanding international franchise sector, especially in the food and retailing sectors.  

 

The Deputy Chief Executive of the Investment House, Samir Gharbali, also announced that the company recently launched a new “Global Low-Risk Investment Fund”. Gharbali added that the new fund offers an average 10-15 percent rate of return for a three to five year period, with a risk rate of below 3.5 percent annually. –(MENA Report)  

 

The international investment department focuses on investment services in a variety of foreign baskets. The department caters to client's investment needs within an Islamic framework, where activities are based on the nature of individual businesses. —(MENA Report) 

 

 

© 2001 Mena Report (www.menareport.com)


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