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FAQ

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?Top

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?Top
 
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)?  Top
Global manages over USD3.7 billion as Assets under Management (as of Dec 31, 2011).

Q5] What is the employee strength of Global?  Top
Global’s employee strength is 345  (as of Dec 2011).

Q6] What is the number of clients Global deals with? Top
Global deals with around 7,600 clients (as of December 31, 2011) 

Q7] What are the type of clients Global deals with? Top

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? Top

 

 

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? Top
Global’s financial year ends on 31st December.

Q10] What is the address of registered office of Global? Top

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?Top
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?Top
Global securities are listed on the following stock exchanges: 

 

Country

Type of Security

Stock Exchange code

Reuters code

Bloomberg code

Zawya Code

Bahrain Stock Exchange (BSE)

Bahrain

Ordinary Shares

   GLOBAL

GIHB.BH

GLOBAL BI

GLOBAL.BSE

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? Top

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 Year2011201020092008200720062005200420032002200120001999
DividendsKD mNilNilNilNil42.9834.2019.1514.524.671.561.211.05 
USD mNilNilNilNil152.95121.7168.1551.6716.625.554.313.74 
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? Top
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? Top
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? Top


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