Global Investment House 'Global' announced today that it received an international award in real estate, while Global Vice Chairman and Managing Director Mrs. Maha K. Al-Ghunaim, was awarded for her contribution to investment.
ICG Group organized the Islamic Finance Real Estate (IREF-ME) awards ceremony last Thursday at Burj Al-Arab Hotel, Dubai where it handed out recognition awards for companies and individuals who had exceptional achievements in GCC real estate sector and in investment in general. The awardees included His Highness King Abdullah Bin Abdulaziz AlSaud of Saudi Arabia.
Global received "The Country Award” as the “Best Investment House in Kuwait” in real estate category, and Al-Ghunaim received the award for "Outstanding Contributions to Investment” in the region.
Mr. Khaled Al-Attar, Assistant Manager for Media Relations at Global, received the award on behalf of AlGhunaim, and Mr. Rakesh Patnaik, Head of Investment Real Estate Funds at Global, received the company’s award.
Al-Attar expressed his sincere thanks for the awards on behalf of Al-Ghunaim, Patnaik also expressed his thanks for choosing Global as the best investment company for the second consecutive year.
It is worth mentioning, Forbes Magazine, chose Al-Ghunaim among this year’s “Top 100 Most Powerful Women in the World”, while in early 2006, Forbes Arabia ranked her “Second among the Top 50 Arabian Women”. Last year, Newsweek Arabia chose her as “One of the most influential people in the Middle East”. More recently, AlGhunaim received two official awards from the Italian Government and the Rimini Chamber of Commerce.
This year, Global won “Best Equity House in Kuwait” award from the reputable Euromoney magazine for the second year in a row, in addition to “Best Real Estate Company” in 2005. The company also received the "Deal of the Year" award from The Banker magazine in February 2006.
The company had an eventful year with a number of unique investment projects and investment funds launched along side financial deals secured across the Gulf, MENA regions, and beyond.
Last week, Global concluded a successful, oversubscribed 100 million Kuwait Dinars capital raise placement for the National Ranges Company “Mayadeen” on schedule despite bearish market conditions.
The company manages over 30 funds some of which has exceeded market indices, which include several equity funds and real estate funds such as Global GCC Real Estate Fund, Global Asia Real Estate Fund, and Global US Real Estate Fund.
Furthermore, Global has opened new branches in Yemen and Sudan and has recently acquired license to operate in Qatar that is inline with its expansion strategy.
ICG is scheduled to hold an Islamic Real Estate conference in the Kingdom of Jordan on February titled “Risks, Rewards & the Role of Regulation of Islamic Investments in Real Estate”
