The Board reconvened after the OGM and elected Mrs. AlGhunaim as Chairperson and Managing Director and Mr. AlWazzan as Vice Chairman
The Board also assigned an Internal Auditing Committee as follows:
• Mr. AlWazzan, Committee Chairman
• Sheikh Abdullah Al-Sabah, member
• Mr. AlKharafi, member
AlWazzan pointed that, in accordance to international standards, the internal audit committee did not include a company executive to insure enhanced impartially in the committee’s supervision operation which Global is committed to AlWazzan pointed.
About Global Investment House “Global”
Global Investment House “Global” is a full-fledged investment company incorporated in 1998, and falls under the regulation of the Central Bank of Kuwait. Its underlying foundation is to meet the high expectations of local and international clients, and to enhance the investment service industry and the capital market in Kuwait and the region. Today, Global stock lists on the Kuwait, Bahrain, and Dubai Stock Exchanges, with branches and affiliates in Bahrain, Dubai and Abu Dhabi (UAE), Jordan, Qatar, and Sudan. Global plays an important role in promoting investment opportunities in the Arabian Gulf Peninsula to investors through expert financial engineering, in-depth research and reports to advance the capital market in the region. Thus, Global’s achievements have been recognized on local, regional, and international levels. The company’s current assets under management reached KD2.130 billion (USD7.355 billion) as of 31 March 2007.
