• Global's executive management withdrew their resignations and Maha Al-Ghunaim to run for the upcoming Board elections
    Posted: Monday, September 29, 2014

The Board of directors of Global Investment House (Global) and the company's executive management jointly announced today that they have reached an agreement resolving all the issues that have led to the resignations submitted by Mrs. Maha Al-Ghunaim from the board of Directors in addition to her executive role along with Mr. Bader AL-Sumait, Mrs. Khawla Al-Roumi and Mrs. Nawal Mulla-Hussain.

Following the agreement, all the resigned executives withdrew their resignations submitted prior to the general meeting of the Company held on the 14th of September 2014 and will stay in place with full authority. In addition, Mrs. Maha Al-Ghunaim will resubmit her application to run for the upcoming board election.

Mr. Ibrahim Saad, Chairman of Global Investment House commented, "We are pleased with the outcome of these negotiations that has shown the level of support, trust and commitment of the board of directors and the major shareholder towards the company and its executive management."

Mrs. Maha Al-Ghuniam, Global's Group Chief Executive Officer commented "I would like to extend my sincere appreciation to the board of directors, our clients, shareholders and employees for their support and solidarity shown during the past two weeks."

She added, "Since the beginning of the year we have seen marked improvement in the volume of activities through the core businesses and regional offices which resulted in reporting a net profit of KWD 4.1mn in H1 2014. With the collaboration of all stakeholders, we look forward to continue developing our fee based core businesses, serve our clients more effectively and provide our shareholders with positive returns."



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