Over 14 years’ experience in the investment sector. Kuwait City, August 8, 2020 - In late July, the Capital Markets Authority (CMA) issued its ninth annual report for the financial year (2019/2020). Kuwait Investment Authority Edrees Musaed Ahmad Board Member Director since 29 March 2017 (Non-executive) Qualifications and experience Master of Economics, Kuwait University, Kuwait. Kuwait Boursa plans to sell 50 percent of its shares as part of an Initial Public Offering. Gulf Investment Corporation G.S.C. and Subsidiaries It includes the most important tasks accomplished during that year in its various work-related fields. Ownership Shares: as of 31/12/2019 60 Ownership Form Country Ownership Ratio Kuwait Investment Authority Direct Kuwait 24.08% Public Authority for Minor Affairs Direct Kuwait 10.484% Kuwait Awqaf Public Foundation Direct Kuwait 7.3% Public Institution for Social Securities Indirect Kuwait 6.19% Kuwait Finance House (K.S.C.P.) Kuwait Direct Investment Promotion Authority (KDIPA) participated in the first meeting of senior officials' talks between the government of the State of Kuwait and the government of Australia. A recent report issued by the World Bank shows that Kuwait’s real gross domestic product (GDP) will continue to grow in the next two years (2019-2020) to reach 3.5%. 35 years’ experience in the banking sector, 4 years in the government sector, 8 years with finance companies, 26 years with investment companies, and has had own business for 11 years. ... (KDIPA) published its Fifth Annual report for 2019 / 2020 covering the period from 1 April 2019 till 31 March 2020. KUWAIT CITY - The Kuwait Investment Authority (KIA)is keen to treble its investment of $5 billion in India, especially in areas ofinfrastructure, airports and highways, reports Al-Qabas daily quoting theHindustan Times of India. In February 2019, a consortium led by Kuwait National Investment Company, that included the Athens Stock Exchange, won a tender to acquire 44 percent of the Kuwaiti Boursa. Kuwait also lost out to its more dynamic neighbors when it came to greenfield investment projects. Telecommunications is the largest service sector in Kuwait. Bid to maximize revenues for current year. Yusuf Saleh Khalaf Board Member ... BBK Annual Report 2019. ‘KIA makes net profit of KD 24.07b by investing state reserves’ KUWAIT CITY, June 6: A document obtained by the Al-Anba newspaper shows the Kuwait Investment Authority (KIA) has made a net profit of 24.07 billion dinars ($79.5 billion) by investing state reserves in the form of sovereign funds assets during fiscal 2014/2015, 2015/2016 and 2016 / 2017, reports Al-Anba daily. KUWAIT CITY, Jan 26: The Kuwait Investment Authority (KIA), through its sovereign fund, aims to expand its investment activities by selecting new areas in Europe and Asia, with economic feasibility, in addition to its current investments in the United States, Britain and China, reports Annahar daily. and Subsidiaries Annual Report and Accounts 2019 7 On behalf of the Board of Directors, it is my pleasure to present the Annual Report on the Corporation’s activities and its financial results for the year ended 31 December 2019. With the grace of God, the Corporation has continued its path of Master in Civil Engineering, Kuwait University, Kuwait. According to the latest figures from global investment monitor, FDI Markets, during the five-year review period from 2013 to 2018, the UAE topped the regional list in attracting investments, while Kuwait … The global rating agency, Fitch, forecasts that the Kuwaiti economy will grow by 3.7% in 2019, while the rate expected for 2018 was 2.4%.

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