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KAB Strategy Kuwait launches US equities trading through Bank of China International

Kuwait: Wednesday, October 06 - 2004 @ 12:55

With a technologically-advanced trading platform from BOCI, KAB investors can access US securities trading, including equities, futures and derivatives via STP (straight through processing), enjoying a high speed performance and very competitive commission prices.

The research analysts in the investment strategy department at KAB have been highly trained to undergo professional analysis of the stock market by studying companies’ financial statements and ratios, sales forecast and earnings per share that help determine the direction of stocks. The research group at KAB is now fully prepared to undertake all the required studies through professional and specialized tools aiming to maintain their forecasting accuracy that has exceeded 70% with regards to currencies, indexes, crude oil and natural gas.

Expressing her happiness with this strategic alliance with one of the top international banks, Ms. Lamiaa Zeid Al Khaled, KAB chief executive officer, considers it a step into KAB’s future international expansion plan, aiming at diversifying its financial and investment products and services by cooperating with big international financial associations, in order to provide investors in Kuwait with broad investment opportunities in the international markets.

KAB is currently conducting a market research to assess the interest of financial institutions in the Middle East in order to appoint an efficient and qualified partner in the region to provide BOCI services in trading US stocks.

Established in 1912, Bank of China is the oldest bank in China. The bank offers financial services through its global network of over 560 overseas offices in 25 countries and regions. It has been awarded as “Best Bank in China” for several times and ranked 29th among the “Top 1000 World Banks”. BOCI is a wholly-owned overseas subsidiary of Bank of China. BOCI is China’s first investment bank, and has operated abroad for over 20 years. Through over 300 branches of the Bank of China Hong Kong spread throughout Hong Kong Island, Kowloon and the New Territories, BOCI has the largest local retail network.

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Wednesday, October 6- 2004 @ 12:55 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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