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FINANCIAL NEWS
Kuwait’s Global house logs USD19.3m in net profit
10 Nov 2015
(MENAFN) Global Investment House, the Kuwaiti investment company posted USD19.3 million in gross profit for the nine months to Sept, while overall revenues touched USD43.2 million, based on recent reports.
The Asset Management firm stayed strong with USD4 billion of assets under management, plus several funds managed by Global outperformed their respective benchmark indices and peers.
Moreover, the company agreed on a portfolio management agreement with one of the Kuwaiti banks to manage its portfolio of special situation assets worth USD40 million, which tells more about its success.
Additionally, with the help of its regional outlets, the firm raised USD150 million of new money in many schemes with income-yielding UK real estate, cash management, special situations and GCC equities.
More News
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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