Al-Mal In­vest­ment wins ‘Most In­no­va­tive Fi­nan­cial Prod­uct’ Award for Takharoj

The Banker Mid­dle East Kuwait Prod­uct Awards 2016

Kuwait Times - - BUSINESS -

KUWAIT: Al-Mal In­vest­ment has an­nounced yes­ter­day that it has been awarded the “Most In­no­va­tive Fi­nan­cial Prod­uct” award for Takharoj from The Banker Mid­dle East Kuwait Prod­uct Awards 2016, one of the re­gion’s lead­ing fi­nan­cial awards. Al Mal re­ceived this award for its newly launched prod­uct, Takharoj, a one-of-a-kind and first web-based ap­pli­ca­tion in the re­gion that con­nects mi­nor­ity in­vestors in Un­listed Se­cu­ri­ties to­gether, en­abling their voices to be heard while em­pow­er­ing them to get more value from their mi­nor­ity shares in re­turn.

The award was pre­sented to the Board Mem­ber and CEO Al-Mal In­vest­ment Com­pany (KPSC), Ab­dul Wa­hab Al-Mutawa, on Novem­ber 16, at Al-Mal’s head of­fice. On this oc­ca­sion, Ab­dul Wa­hab Al-Mutawa said: “We are very proud to see our newly launched prod­uct, Takharoj, be­ing rec­og­nized by a lead­ing en­tity in the re­gion such as ‘The Banker Mid­dle East’. Takharoj has been well re­ceived in the Kuwaiti mar­ket­place since its re­cent launch, thanks to its in­no­va­tion in be­ing able to ful­fill a ma­jor need that ex­ists in the mar­ket among in­di­vid­u­als, com­pa­nies and banks. This award not only re­in­forces our po­si­tion in the mar­ket, it also demon­strates the high level of re­cep­tiv­ity and ma­tu­rity of the regional fi­nan­cial mar­ket. Ad­di­tion­ally, re­ceiv­ing this award is a trib­ute to our con­tin­u­ous ef­forts to de­liv­er­ing prod­ucts that cater to the mar­ket needs.”

Takharoj is a rev­o­lu­tion­ary prod­uct that con­nects mi­nor­ity in­vestors in Un­listed Se­cu­ri­ties to­gether, al­low­ing them to get more value from their shares. By sim­ply sub­mit­ting their ba­sic in­vest­ment in­for­ma­tion, the share­hold­ers can be­come part of a size­able share­hold­ing block with the power to ne­go­ti­ate op­ti­mal out­comes, as well as ben­e­fit from short and long-term so­lu­tions based on thor­ough anal­y­sis con­ducted by Al-Mal’s ex­perts. These so­lu­tions cater to the mi­nor­ity in­vestors who lack con­trol over their in­vest­ments, whose voices are not heard, their share value is ei­ther stuck or stag­nat­ing, or have a hard time get­ting valu­able fi­nan­cial in­for­ma­tion or re­turn.

CPI Fi­nan­cial, through its fi­nan­cial mag­a­zine, The Banker Mid­dle East, or­ga­nizes the lead­ing fi­nan­cial award that hon­ors suc­cess­ful in­sti­tu­tions, prod­ucts and ser­vices both across the Mid­dle East and North Africa. The awards are voted by reg­is­tered read­ers and sub­scribers of CPI Fi­nan­cial Prod­ucts once the mag­a­zine has short­listed the nom­i­nees.

Launched by Al-Mal In­vest­ment Com­pany (K.P.S.C.), Takharoj is the re­gion’s first web-based ap­pli­ca­tion that can con­nect mi­nor­ity in­vestors in Un­listed Se­cu­ri­ties to­gether, en­abling them to be heard and em­pow­er­ing them to get more value from their mi­nor­ity shares in re­turn. By sub­mit­ting their ba­sic in­vest­ment in­for­ma­tion, the share­hold­ers can be­come part of a size­able share­hold­ing block with the power to ne­go­ti­ate op­ti­mal out­comes, as well as ben­e­fit from short and long-term so­lu­tions based on thor­ough anal­y­sis con­ducted by Al-Mal’s ex­perts. These so­lu­tions cater to the mi­nor­ity in­vestors who lack con­trol over their in­vest­ments, whose voices are not heard, their share value is ei­ther stuck or stag­nat­ing, or have a hard time get­ting valu­able fi­nan­cial in­for­ma­tion or re­turn.

Al-Mal is an in­no­va­tion-driven, for­ward-look­ing in­vest­ment bank­ing and as­set man­age­ment com­pany that of­fers sus­tain­able and at­trac­tive in­vest­ment op­por­tu­ni­ties in both tra­di­tional and emerg­ing port­fo­lios. Es­tab­lished in early 1980, Al-Mal In­vest­ment Com­pany (K.P.S.C.) has a cur­rent cap­i­tal of KD 66.9 Mil­lion. Its in­vest­ment port­fo­lio is ge­o­graph­i­cally well di­ver­si­fied, of­fer­ing max­i­mized re­turns to in­vestors. It caters to its clients through its many sub­sidiaries and af­fil­i­ates spread across the world. Al Mal is listed on the Kuwait Stock Ex­change and is li­censed and reg­u­lated by the Cap­i­tal Mar­ket Au­thor­ity and the Cen­tral Bank of Kuwait. It im­ple­ments and adopts the high­est level of eth­i­cal stan­dards, in­ter­nal con­trols and cor­po­rate gov­er­nance prac­tices.

Ab­dul Wa­hab Al Mutawa re­ceiv­ing the award from Banker Mid­dle East

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