Kuwait-based Gulf Bank has announced that it has obtained investment licences from the Capital Market Authority (CMA) in Kuwait.

The licenses were granted to the bank to practice as:  Portfolio manager, custodian, investment controller, subscription agent, in addition to the initial approval to perform as an investment adviser.

These licenses will run for three years starting from the date of issuance.

Tareq AlSaleh, Gulf Bank’s assistant general manager-investments, consumer banking, said: “The granting of the licenses to Gulf Bank is an important milestone that will enable us to better serve our customers and meet their investment needs.”

AlSaleh added: "Gulf Bank will soon unveil a distinguished and specific investment service allowing our customers to invest in a unique way across the region. This service will enable customers to invest in global markets safely based on their personal needs and efficiently to reach optimal return on their investment.”  - TradeArabia News Service