Al-Qabas Special Issue - Al-Rubaie: Global’s financial position & performance confirm that the company has overcome the implications of the financial crisis years ago
Deputy CEO Sulaiman Mohammed Al-Rubaie said in an interview released today in the special supplement on Investment companies published by Al-Qabas Newspaper, that Global has become an investment target for many financial companies, thanks to its positive performance, strong debt-free financial position, good liquidity, extensive experience and regional presence. He stressed that the company’s financial position and performance confirm that the company has overcome the implications of the financial crisis years ago.
"The year 2017 was an extension for four years of achievements and positive performance," he added. "Since assigned to lead the company a year ago, we have been reporting one achievement after another. We have a strong debt-free financial position with shareholders' equity of KWD 70 million and sufficient liquidity to finance the Company's core business. The company's capital is conservatively deployed in liquid and operating assets and to support the fee-generating businesses by co-investing in products managed by the company. Assets managed on behalf of clients stand at approximately USD 3 billion in multiple asset classes which make Global one of the largest managers of listed equity funds and private equity companies in the region, particularly Kuwait and Saudi Arabia.
To access the full interview in Arabic, click here.
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