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Global Investment House
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Global Investment House is an investment company incorporated in 1998, and falls under the regulation of the Capital Markets Authority of Kuwait. In late 2008 and early 2009 Global was hit by cash flow problems affecting its operations in several countries. Kuwait's Global Investment House 2010 loss $260 million. Global's assets under management as of December 2014 were KD 1.188 billion (US$3.6 billion). On 22 December 2008, following Standard and Poor's downgrade of their debt to "speculative default" from investment grade a week before, it was reported that the company defaulted on $200 million in loans, and that HSBC had been appointed to deal with renegotiating this and other debts. KAMCO Investment Company acquired a controlling interest in the company from NCH Ventures in May 2018, at which time its assets under management were US$3.1 billion. |
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