We have put together a list of commonly asked questions and answers, which we update regularly; however, given the dynamic business environment, some of this information may have changed.
FREQUENTLY ASKED QUESTIONS Q1] In which year was Global incorporated and where?
Q2] What is Global's area of operations?
Q3] In which countries or markets Global operates?
Q4] What are Global's total Assets under Management (AUM)?
Q5] What is the employee strength of Global?
Q6] What is the number of clients Global deals with?
Q7] What are the type of clients Global deals with?
Q8] What were Global's revenue and profits in the last quarter and financial year?
Q9] When does Global's financial year end?
Q10] What is the address of registered office of Global?
Q11] Where one could access or download financial results of Global from?
Q12] On which stock exchanges are Global’s securities listed and what are Global’s ticker symbols on relevant stock exchanges and information portals? And what types of securities are listed on which exchanges?
Q13] Which organisation is the Depository of Global GDRs and what are its contact details?
Q14] Which organisation is the Custodian of Global GDRs and what are its contact details?
Q15] What is the history of Global's cash and stock dividends?
Q16] Do the GDR holders have voting rights?
Q17] Are the GDRs entitled to cash dividends?
Q18] How does one contact Global's Investor Relations team?
| Q1] In which year was Global incorporated and where? |  |
Global was incorporated in 1998 as a Kuwaiti shareholding company (closed) under the laws of the State of Kuwait and is licensed by the Central Bank of Kuwait. Q2] What is Global’s area of operations?
Global Investment House KSCC (Global) is an Asset Management and Investment Banking company that provides a wide range of investment services in the GCC and wider MENA region, and other emerging markets. The company’s principal areas of business are Asset Management, Investment Banking and Brokerage.
| Q3] In which countries or markets Global operates? | |
With a focus on Gulf Cooperation Council (GCC) and Middle East and North Africa (MENA), Global, through subsidiaries, strategic investments and offices, has presence in Kuwait, Bahrain, Oman, Qatar, Saudi Arabia, United Arab Emirates, Egypt, Jordan, Tunisia, Pakistan, and India.
| Q4] What are Global’s total Assets under Management (AUM)? | |
Global manages over USD3.7 billion as Assets under Management (as of Dec 31, 2011).
| Q5] What is the employee strength of Global? | |
Global’s employee strength is 345 (as of Dec 2011).
| Q6] What is the number of clients Global deals with? | |
Global deals with around 7,600 clients (as of December 31, 2011)
| Q7] What are the type of clients Global deals with? | |
Global’s clients include institutional investors, quasi sovereign funds, family offices, high net-worth individuals, mutual funds, and private investors. | Q8] What were Global’s revenue and profits in the last quarter and financial year? | |
| | KWD Million | FY 2010 | Fees & Commissions | 20,693 | | Net Income | - 73,206 | FY 2011 | Fees & Commissions | 14,105 | | Net Income | - 57,506 | Q1 2012 | Fees & Commissions | 2,389 | | Net Income | - 11,043 | H1 2012 | Fees & Commissions | 4,901 | | Net Income | - 20,576 |
| Q9] When does Global’s financial year end? | |
Global’s financial year ends on 31st December.
| Q10] What is the address of registered office of Global? | |
Global Investment House KSCC
Global Tower, Sharq
P O Box 28807, 13149 Safat
Kuwait
Tel: +965 2295 1000
Fax: +965 2295 1005
Website: www.globalinv.net
| Q11] Where one could access or download financial results of Global from? | |
A 5-year overview of Global’s financial results and recent results can be accessed here. Global’s financial results, both recent and historic, can be downloaded here.
| Q12] On which stock exchanges are Global’s securities listed and what are Global’s ticker symbols on relevant stock exchanges and information portals? And what types of securities are listed on which exchanges? | |
Global securities are listed on the following stock exchanges: | Country | Type of Security | Stock Exchange code | Reuters code | Bloomberg code | Zawya Code | Kuwait Stock Exchange (KSE) | Kuwait | Ordinary Shares | GLOBAL | GLOB.KW | GLOBAL KK | GLOBAL.KSE | Bahrain Stock Exchange (BSE) | Bahrain | Ordinary Shares | GLOBAL | GIHB.BH | GLOBAL BI | GLOBAL.BSE | Dubai Financial Market (DFM) | UAE | Ordinary Shares | GLOBAL | GLOB.DU | GLOBAL UH | GLOBAL.DFM | London Stock Exchange (LSE) – Main Market | United Kingdom | Global Depositary Receipts (each 5 ordinary shares) | GLOB | GLOBGq.L | GLOB LI | GLOBAL.LSE |
| Q13] Which organisation is the Depository of Global GDRs and what are its contact details? | |
The Bank of New York Mellon
One Canada Square, 41st Floor
London E14 5AL
United Kingdom
Q14] Which organisation is the Custodian of Global GDRs and what are its contact details?
HSBC Bank Middle East Limited - Kuwait
P O Box 1683
Safat 13017
Kuwait Q15] What is the history of Global’s cash and stock dividends? | Financial Year | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | | Dividends | KD m | Nil | Nil | Nil | Nil | 42.98 | 34.20 | 19.15 | 14.52 | 4.67 | 1.56 | 1.21 | 1.05 | | | USD m | Nil | Nil | Nil | Nil | 152.95 | 121.71 | 68.15 | 51.67 | 16.62 | 5.55 | 4.31 | 3.74 | | | Dividend Payout Ratio (cash dividend as % of net profit) | -NA- | -NA- | -NA- | -NA- | 47% | 48% | 31% | 68% | 38% | 50% | 47% | 50% | 58% | | Bonus share issue/Stock Dividend | -NA- | -NA- | -NA- | -NA- | 10% | 20% | 100% | 10% | 30% | - | - | - | - | | Cash Dividend (% of Nominal Value of Share) | -NA- | -NA- | -NA- | -NA- | 50% | 50% | 70% | 70% | 30% | 10% | 8% | 7% | 7% | | * 1998-1999 is for 18-month period USD1=0.281 |
| Q16] Do the GDR holders have voting rights? | |
Yes. In the event of a matter submitted to the holders of ordinary shares for a vote, the GDR holders on record as at a particular date are allowed to instruct the depositary bank to exercise the vote in respect of the equity shares representing the GDRs held by them. | Q17] Are the GDRs entitled to cash dividends? | |
Yes, whenever dividends are paid to ordinary shareholders, cash dividends to GDR holders are declared in local currency and paid in dollars (based on the prevailing exchange rate) by the depositary bank, net of the depositary’s fees and expenses and applicable taxes.
| Q18] How does one contact Global’s Investor Relations team? | |
For your queries, kindly contact the following Investor Relations’ personnel:
Mr. Ahmed Y. Al Omani
Senior Officer – Investor Relations
Global Investment House KSCC
Global Tower, Sharq
P O Box 28807, 13149 Safat
Kuwait
Email: investors@global.com.kw
Tel: +965 2295 1530
Fax: +965 2295 1638
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