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The Investor 1

President's Message

A Warm Welcome

t pleases me to welcome you to the first edition of The Investor, the new quarterly publication
of the Union of Investment Companies (UIC). The Investor is designed and published by the
IUIC members, for the benefit of all members of the broader community of stockholders,
managers, practitioners and investors in the national investment sector, the second largest
operating sector in the State of Kuwait.

ur aim is for this magazine to be What led the Union members into this
informative, but above all profitable guiding role for the investors are the special
Ofor the readership. Inside you’ll circumstances which they went through,
find a mixture of news, features and along with the whole national investment
research articles on a wide range of sector, and which they came out from, nearly
investment-related topics, opportunities unscathed. I am referring in this regard to
and themes that are interesting for the subprime crisis, the reverberations of
investors, such as the discussion of new which caused the disappearance of several
investment instruments devised by the investment companies in Kuwait. All the

Bader N AlSubaie Union’s members. Union members survived the crisis. Whilst
we cannot claim for sure that they were not
Through this forum, the UIC will highlight affected, we can on the other hand firmly
its advocacy of the development of the state that these difficult days rendered them
Kuwait economy, its efforts in promoting wiser in confronting challenging situations,
laws and regulations that strengthen and qualified them for becoming a role
transparency and investor confidence, and model for rest of the companies in that
affirm the Union’s stand at the defense of sector. Again, it is through The Investor that
the investment companies and sector’s we intend the actualization of this advising
interests at various levels. objective.
The Investor will also showcase the Furthermore, The Investor will mirror the
members’ contribution to Kuwait’s strategic achievements of UIC members as good
development projects, along with their corporate citizens. From this perspective, an
activity in international and regional stock example in point are the efforts exerted by
markets, especially the new Boursa Kuwait, UIC companies in supporting the
which enjoys prominence among Gulf and employment, training and induction of
Arab stock markets. national labor, who are Kuwait’s real national
wealth.
UIC Member companies at large continue
to fulfill their important function in the Another aspect of Corporate Social
domestic economy. At the individual level, Responsibility observed by UIC members is
members continue to provide advantages exemplified in ethical labor practices, by
to investors to fulfill their investment treating employees fairly and ethically. We
needs, whilst mitigating the entailed risks. are aware that when given the choice,
One of the main missions of this publication customers will almost always choose a
will be to discuss research addressing the company tied to a socially conscious cause in
packages offered to investors in this regard addition to professional capacity, rather than
in terms of management, diversification, just a big corporate name. For this reason,
income, liquidity, and dollar appreciation. UIC members place Corporate Social
The Union’s members with their years of Responsibility at the forefront of modern
practical experience and market presence day business practices.
are well positioned to discuss these aspects
through research articles written by their I hope you will enjoy this first issue. Your
specialists and researchers. opinions and suggestions are welcome.

October 2017 Issue 1