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February 23, 2012 | KMEFIC Call Center Service Availability
February 23, 2012
Please note that KMEFIC Call Center staff will be available for any assistance on the following times:
Sunday 26th February 2012 from 8:00am - 3:30pm
Monday 27th February 2012 from 8:00am - 3:30pm and from 4:30pm - 12:00 midnight |
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February 20, 2012 | KMEFIC release its new Website
February 20, 2012
We are pleased to announce the launch of KMEFIC's new website. The new website provides a more comprehensive source of company information and services. You can now read the latest News, get updated with Newsletters and access the Research Reports page. Please visit www.kmefic.com.kw. |
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February 16, 2012 | |
February 09, 2012 | |
October 13, 2011 | Gulf Gate Fund ranked top (1) position
October 13, 2011
KMEFIC is pleased to inform you that Gulf Gate Fund for the second time has been ranked top (1) position in its category for the Zawya conventional GCC equity Funds Ranking – Q2 2011. |
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August 05, 2011 | Saudi Arabia Economic Report
August 05, 2011
Saudi Arabia is an oil based economy with the second largest proven crude oil reserves in the world. The Kingdom possesses about 20% of the world's proven oil reserves, ranks as the largest exporter of petroleum, and plays a leading role in OPEC. The oil sector accounts for roughly 28% of GDP and 85% of state revenues. Since the discovery of oil, the kingdom has experienced significant economic growth and has attracted large flows of foreign direct investment (FDI). In fact, for over the past 25 years, Saudi Arabia has attracted the most FDI out of its GCC partners. In 2010, net FDI reached $153 billion, up 19% from 2009. As part of its effort to attract foreign investment, Saudi Arabia acceded to the WTO in December 2005 after many years of negotiations. The government has begun establishing six "economic cities" in different regions of the country to promote foreign investment and plans to spend $373 billion between 2010 and 2014 on social development and infrastructure projects to advance Saudi Arabia's economic development (CIA-The World Fact Book). FDI will most likely persist in the future due to Saudi Arabia's economic growth which will receive a significant boost in the wake of two substantial fiscal spending packages announced by the king earlier this year, worth a combined $130 billion. |
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August 04, 2011 | KMEFIC visits Elderly Care Home
August 04, 2011
As part of its social responsibility campaign, Kuwait and Middle East Financial Investment Company (KMEFIC) paid a visit to the Elderly Care Home to congratulate them on the Holy month of Ramadan. KMEFIC staff presented various gifts to the elderly. “This is what Ramadan is about. It’s about giving back to those who gave us so much in return,” said Buthaina Al Ahmad, Executive Director for Customer Service. Ms. Al Ahmad continued, “KMEFIC organized this visit to strengthen its role in social responsibilities.” The Elderly Care Home in return thanked the KMEFIC team for their efforts. |
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July 22, 2011 | KMEFIC Gulf Gate Fund granted number (1) position in its category for the Zawya Funds Ranking - Q1 2
July 22, 2011
Mr. Christian Shomber – Chief Investment Officer at Kuwait & Middle East Financial Investment Company said that KMEFIC is honored to be recognized as the # 1 manager in the GCC Equity Conventional Category by Zawya in its Q1 2011 Funds Ranking. “Our professional portfolio management team overseeing the Gulf Gate Fund has applied a disciplined approach to asset management on the back of strong GCC research to deliver superior returns in the most difficult market we’ve witnessed”, says Christian Shomber, Chief Investment Officer for KMEFIC. The Gulf Gate Fund portfolio strategy employs a dynamic allocation approach between strategic and tactical components in order to capture fundamental and technical opportunities in GCC markets. “Last year when Zawya ranked us as #3 in the same category (Q2 2010), our Portfolio team at that time stated that ‘they had yet to do their best work’, so today we are very pleased to see these results. We are not complacent though and will continue to strive for excellence on behalf of our clients”. KMEFIC’s GCC Investment Team is based in Kuwait City where it oversees client wealth management needs through institutional Funds and customized portfolios for GCC conventional and Sharia investors.
Mr. Shomber also said that KMEFIC has plans to launch a new suite of Wealth Management Products that include a GCC Conventional Fixed Income, Global Sukuk and GCC Equity Sharia Fund that will parallel the Gulf Gate Fund. “We have also expanded our strategic relationship with MEFIC in Riyadh to leverage its market insights and execution ability in Saudi Arabia to enhance our products across multiple asset categories”. KMEFIC has recently completed a multi-year firm-wide technology transformation to secure its leadership in market execution while beefing up the Asset Management Group’s investment and buy-side research teams to offer a new approach to wealth management in the GCC. |
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December 19, 2010 | KMEFIC Report on Kuwait Stock Exchange
December 19, 2010
KMEFIC issued a report on the Kuwait Stock Exchange and financial performance of companies their shares entitled "Troubled Sectors and Hidden Opportunities" and included 6 sections: In the Horizon... The Implementations of Long-Awaited Reforms, Speculative Aspects, Figures Don't Lie, Lessons of 2008, Indices vs. Benchmarks, and finally the Looking for the Good Picks chapter. |
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