Global’s Assets Top $5 Billion

KUWAIT, 4 September 2005 — Global Investment House said yesterday that the Kuwaiti investment company’s assets under management have broken the $5 billion barrier. “This latest accomplishment is only the beginning, and it has a lot of positive connotations,” Maha Al-Ghunaim, Global’s vice chairman and managing director said in a statement. She gave no comparative figures for the same period last year. Global has launched products in Kuwait, the Gulf and the United States, including the Global GCC Large Cap. Fund, which invests in the Gulf Cooperation Council (GCC) markets of Kuwait, Saudi Arabia, Bahrain, Oman, Qatar and the United Arab Emirates.