Global was established in 1998 to meet the high expectations of local and international clients, enhance the investment service industry in Kuwait and implement the ambitious goals of an experienced management team and a sophisticated list of shareholders.
During the initial years of its operations, Global focused primarily on investment products in Kuwait and on offering Kuwaiti, GCC and international products in the Kuwait market. After establishing its position in Kuwait, Global commenced a strategy of geographical expansion by establishing branches and subsidiaries in other GCC countries, the broader MENA region and other emerging markets such as India and Pakistan.
Global is listed on Bahrain Stock Exchange and in May 2008, Global became the first Kuwaiti company to be listed on the London Stock Exchange.
The company’s business model was dependent on five pillars; Asset Management, Investment Banking and Brokerage which are the core business of the company in addition to the Principle Investments and Real Estate. In 2008, Global had one of the largest principle investments and proprietary trading operations in the region by asset size.
Global, like many international businesses, was affected by the worldwide financial crisis and the company defaulted on a syndicated debt in December 2008. Global worked very hard with its creditors and have reached a restructuring agreement in December 2012, the implementation was concluded in June 2013, bringing a comprehensive solution to the Company’s capital structure.
Global today is well capitalized focusing on its core business comprising of asset management, investment banking and brokerage.