The Banker Middle East Kuwait Product Awards 2016

Abdul Wahab Al Mutawa receiving the award from Banker Middle East Abdul Wahab Al Mutawa receiving the award from Banker Middle East

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.