Markaz Announces New Head of Local & GCC Investments

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Markaz Announces New Head of Local & GCC Investments 09 - Oct - 2006

Markaz announced that effective September 2006 Amani Al Omani, has been acting as Head of Local & GCC Investments. She is deputized by Bader Al-Ghanim, Assistant Vice President of Local & GCC Investments. Markaz has concluded a transition process to ensure that there is a smooth and orderly transfer of responsibilities. Amani Al Omani, Acting Head - Local & GCC Investments, has assumed her responsibilities as Acting Head since the beginning of September and is handling Local & GCC Investment responsibilities, she is reporting to Manaf Alhajeri, Markaz’s General Manager. Alhajeri said “The appointment is a reflection of Markaz’ culture based on thorough stock selection, and identification of drivers in the GCC and MENA Markets in the coming period. The team will be supported by a strong team of analysts and research as the investment process in Markaz is extremely selective. The appointment also comes at a time where the GCC and MENA region is increasingly attracting attention of many international and regional investors who truly appreciate good research and analysis behind any investment decisions. I am confident we've got a great team that can step up to drive Markaz local investments forward," Alhajeri said. First female to occupy such position in a Kuwaiti Financial institution and probably in the GCC, Al Omani joined Markaz in July 2002. She has been co-managing Forsa fund which is the first derivative fund in the Middle East; prior to that Al Omani spent seven years in the Bank of Kuwait & the Middle East in the Treasury Department as a Foreign Exchange and Money Market dealer. Al Omani received her BA in Accounting & Auditing (honor list) from Kuwait University- Kuwait, in addition to many courses and practical training inside and outside Kuwait as well as obtaining an ACI fellowship from the Financial Market Association, Paris. Bader Al-Ghanim, Al Omani’s deputy, has been with Kuwait Financial Centre since 2003 and has over 6 years of experience in managing equity investments. Upon graduation, Al-Ghanim worked for Kuwait Investment Authority as a Financial Analyst. In 2000, he joined Kuwait & Middle East Financial Investment Company as an Investment Analyst and was later promoted to Assistant Manager in the Forward Trading Department. Al-Ghanim is currently managing client investments of USD 400 million as well as the options desk at Local & GCC Investments Department. He holds a Bachelor of Science in Electrical Engineering and Bachelor of Arts in Economics from Boston University. Assets under management in the Local & GCC Investments department total more than KD 800 million, including funds like Mumtaz, the first mutual fund in Kuwait, MIDAF, the largest local equity fund in Kuwait, Forsa Financial Fund, the first options fund in the Middle East, Markaz Islamic Fund, and Markaz Gulf Fund. The Local & GCC Investments Department also manages many discretionary and non-discretionary client portfolios. Kuwait Financial Centre 'Markaz', with total assets under management of over KD 1.5 billion, was established in 1974 has become one of the leading asset management and investment banking institutions in the Arabian Gulf Region. Markaz was listed on the Kuwait Stock Exchange (KSE) in 1997; and was recently awarded a BBB+ corporate rating by Capital Intelligence Ltd. -Ends- Photo Caption: Amani Al Omani, Acting Head - Local & GCC Investments