Post Date : 27/01/2013

AL-Omar: the International Expansion is Ongoing and we are Accessing to New Markets

Chief Executive Officer of Kuwait Finance House (KFH) Mohammed Al-Omar asserted that "KFH" aims to expand its presence in foreign markets if there are appropriate opportunities to construct investment entity that achieves good returns, stressing that the strategic goal adopted by (KFH) is always in investments that are long-term and represent added value to the community in which it operates, and that there is a positive movement in finding the best ways to utilize some markets  in order to achieve the strategic goals of (KFH).

During his meeting with the Canadian ambassador to Kuwait, Douglas George, Al-Omar expressed KFH's happiness and appreciation for the visit, noting that "KFH" established in 2011 a real estate fund in Canada worth 450 million Canadian dollars invested in lucrative real estate in collaboration with one of the major Canadian companies.

Meanwhile, the ambassador appreciated "KFH" success in the international markets through a distinct and unique manner of action that achieves high performance and constructs a network of cooperative relationships with major international financial institutions, referring to the point that Canada welcomes investors and provides them with appropriate facilities. He went on to say that Canada is also interested in taking advantage of the significant growth of Islamic economy and its institutions.

He added: that the volume of trade exchange between Kuwait and Canada exceeded $ 186 million in 2011, an increase of 43% from the preceding year, and there are some Canadian companies that are active in Kuwait, especially in the field of energy, lauding the Kuwaiti Canadian relations in the past years. Moreover, The Canadian government is committed to encourage investment that would contribute to the creation of new opportunities, opens new horizons and increases the economic growth, adding that Canada and Kuwait have enhanced this commitment in September 2011, when an agreement of investment promotion and protection between the two countries was signed.

"KFH" Chief Investment Officer Nasser Al-Sabeeh and the International Real Estate Manager Ali al-Ghanam attended the meeting that ended by exchanging souvenirs that expressed the good relations between the two sides.

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