Global Investment House KSCC : signs agreement with Allfunds Bank to offer its clients access to 49,000 investment opportunities worldwide

Allfunds Bank Group offers a Business to Business platform with integrated investment solutions (operational, analysis and information). Created in 2000 and owned in equal parts by the Santander and Intesa Sanpaolo groups, today Allfunds Bank has more than €230Bn assets under administration and offers access to close to 49,000 investment opportunities from more than 520 asset managers. Allfunds Bank has 503 institutional clients, including major commercial banks, private banks, insurance companies, asset managers, financial advisors, international brokers, and specialist firms from 38 different countries.

Through this partnership, Global is well positioned to offer its clients access to globally listed investment opportunities and process all regulatory, subscription and redemption requirements on their behalf to tap into the global asset management industry in a timely and efficient manner.

'This is part of our ongoing commitment to provide our clients access to international investment opportunities to meet their investment objectives, diversify their portfolio and enhance their asset allocation strategy geographically and by asset class.' Commented Faisal AlOthman, Head of International Asset Management at Global.

Yunus Selant, Regional Manager Middle East & Africa at Allfunds commented: 'We are delighted to have entered this partnership with Global. This is the first agreement with a Kuwaiti entity and is in line with our strategy to work alongside leading financial institutions in the region'.