This significant step will reflect positively on the prospects and aspirations of KFIC
General Manager of Consumer Banking Group at Gulf Bank, Aly Shalaby, said, We are very pleased to have completed the signing of this agreement with KFIC
Abdulmoghni Al-Abdulmoghni at KFIC
said, "Gulf Bank is one of the strongest local banking institutions in Kuwait, and we are pleased to have signed this agreement with them.
C[pounds sterling]Dubai and the UAE is home to a sophisticated investor community that values companies with strong fundamentals and a pro-active approach to capital raising activities,CO said Sana Juma, chief of KFIC
Top gainers were GGMC, STRATEGIA, RKWC, KFIC
With the agreement in place, KFIC
will soon be concluding an organisational restructure to absorb the new business model and the company's enhanced strategic outlook.
Senior GFH and KFIC
officials said that subscriptions in the investment product, launched recently, closed in record time before the targeted deadline of July-end 2005.
Chairman Saleh Yacoub Al Homaizi said, "As we gradually pass through the crisis, we are continually focusing our efforts on building our business as a premier financial institution in a post-crisis world with one of the healthiest balance sheets in our market.
GFH announced in May that it had concluded an agreement with KFIC
to be the strategic partner for the development of Jordan Gate and the second phase of Royal Metropolis--The Districts.
Top losers were FUTUREKID, SGC, GFH, KFIC
, and ARAREC.
Number-one losers were FUTUREKID, GFC, HCC, ARGAN and KFIC
Top losers were FUTUREKID, UREC, KFIC
, MARAKEZ and PEARL.