Kuwait – Mubasher: The Capital Market Authority (CMA) in Kuwait has given the Gulf Bank of Kuwait (GBK) investment licenses, according to a bourse statement issued on Tuesday.
Being the first bank to obtain such licenses, Gulf Bank will be able to practice the following activities: “Portfolio manager, Custodian, Investment Controller, Subscription Agent, in addition to the initial approval to perform as an Investment Adviser.”
The statement noted that the licenses will run for three years starting from the date of the issuance.
“Gulf Bank will soon unveil a distinguished and specific investment service allowing our customers to invest in a unique way across the region,” Tareq AlSaleh, the bank’s assistant general manager-investments, consumer banking, said.
