Kuwait – MENA Herald: Asiya Capital Investments Company, a firm focused on investing in Emerging Asia countries, today held its 10th Annual General Meeting of Shareholders in Kuwait.
During the AGM, shareholders approved the Board of Director’s recommendation to not issue compensation for its members, and elected Mr. Barrak Al-Usaimi as an Independent Director for the remainder of the current membership of the Board of Directors.
Asiya Capital Investments’ Chairman, Dari Ali Al-Rasheed Al-Bader, said: “Over the last year, Asiya has successfully executed a restructuring plan to better align its expenses with revenues. As part of this exercise it has consolidated its Dubai operations into Kuwait, reducing operational costs, and adjusted the investment team to accommodate the requirements of the coming period. In August 2016, Mr. Faisal Nawaz was appointed as the Group CEO. Mr. Nawaz has been with the firm since 2006, first as the Group CFO and more recently as the Group CIO. Despite these challenges, we expect emerging markets in Asia will continue to provide relatively attractive opportunities, and have in fact launched two products last year, UCITS Compliant Fund and the Asia Interlink fund to take benefit from such opportunities. Both products aim to take advantage at declining markets while hedging against volatility and realize returns in a challenging environment.”
Asiya Capital Investments Company is an investment company founded by an Emiree Decree with a capital of KD80 million and a mandate to invest in domestic demand-driven sectors in Asia, namely energy, real estate, healthcare, infrastructure, and financial services. Asiya Capital Investments Company is the Parent Company of Asiya Investments Hong Kong Limited. The publicly-listed Group employs a team of Asia specialists and currently manages assets in excess of USD 1 billion. Key shareholders include the Kuwait Investment Authority (Kuwait’s Sovereign Wealth Fund), National Investments Company (one of the leading investment banks in the Middle East), and Alghanim Industries (one of the largest conglomerates in the Middle East).