About The Company
Company Profile
Kuwait Pillars for Financial Investment (K.S.C Closed) – KPFI – (hitherto Strategia Investment Company – SIC – name changed with effect from November 17th, 2016 as per the approval of the extraordinary general assembly meeting held on October 4th, 2016) was formed in March 2004 as a spin-off of the real estate investment division of KMEFIC, a leading publicly listed financial services company. In March 2004, the new shareholders of the company decided to change its legal classification from a real estate company to an investment company that provides all investment products and services. Accordingly, the capital of the real estate company was increased from KD10 million to KD15 million.
KPFI’s capital was increased twice by distributing bonus shares during 2007 and 2008 to reach K.D 17,577,000. In December 2008, when all the listing conditions were met, Kuwait Pillars was listed on the Kuwait Stock Exchange in order to add another dimension in the field of asset management and investment services with an enhanced capital. Due to the accumulated financial losses, the company increased its capital first during 2010 and then reduced it again to KD 15 million.
During 2013, the company succeeded in increasing its capital by 100% to KD 30 million with assets under management from various institutional and individual clients amounting to US$141 million as of June 30, 2016.
Based on the approval of the extraordinary general assembly meeting held on 4 February 2018, the company’s authorized capital has been fixed at KD 50 million and the issued and fully paid up capital has been fixed at KD 30 million.
The optional withdrawal of Kuwait Pillars from Kuwait Stock Exchange was on March 1st, 2016 based on the approval of the extraordinary general assembly meeting held during 2015 and the approval of Capital Markets Authority.
Our Mission
Our mission is to become one of the pioneer investment companies in Kuwait offering conventional as well as non-conventional and up-to-date investment services in general and real estate investment products related services in particular on a consistent basis. It is an integral part of our mission to offer the most professional, up-to-date and courteous services to our clients and to keep them carefree on their investment front.
Our Objective
Our objective is to create or build our investors’ and shareholders’ wealth by providing the most prestigious level of international and local investment products and services and following a developed methodology to diversify the investment solutions in a way that matches the desired return and an acceptable level of risk.
Our Principle
Our main principle is to identify unique investment opportunities through the pool of dedicated investment professionals and researchers and to focus on growing markets to achieve positive results to maximize shareholders’ and investors’ wealth in a disciplined manner.
Board of Directors
Mr. Ghazi Ahmad Al-Osaimi
Representative of A M Future Real Estate Company
Mr. Mishal Nasser Habib
Executive
Mr. Soud Abdulaziz Al-Mansour
Independent
Mr. Jamal Abdullah Al-Saleem
Representative of Global Profession General Trading Company
Mr. Bandar Abdullah Al-Ghemlas
Representative of First Equilease for Equipment & Transportation Company
Mr. Mohamad Saad Al-Saad
Representative of A M Future Commercial Company
Mr. Fahad Sami Al-Rushaid
Independent
Our Executive Team
KFPI is managed by a team of professionals with extensive investment experience in the local and international investment markets with strong international academic backgrounds. The team is based in Kuwait head office as well as in our Southport, CT office in the USA.
- Mishal Habib
- Ahmed Sobhy
- Essam Al-Yousef
- Abdulaziz Al-Jassem
- Fahad Al-Osaimi
- Mohamed El Sayed
- Suhail Jaberi
- Ahmad Saleh
Vice Chairman & CEO
Mr. Mishal Habib, the dynamic and business savvy Chairman & Managing Director of KPFI with a very rich and varied business experience shouldered Co.’s responsibility during January 2011.
He has worked in reputable Kuwaiti Financial Institutions for more than twenty years in various capacities. He is well qualified with a Bachelor of Science degree in Accounting from Kuwait University, and has attended prestigious training programs including Harvard Executive Program for Leadership Development.
With such valuable exposures, Mr. Mishal Habib plays a pivotal role in the fast and institutional development of KPFI.
P.S.
As per restructuring undertaken in compliance with the latest corporate governance guidelines of Capital Markets Authority of Kuwait, Mr. Mishal Habib has been assigned the new role of Vice Chairman and Chief Executive Officer of KPFI from August 2014.
Executive Vice President – Financial & Accounting
Mr. Ahmed Sobhy joined KPFI in July, 2012. With over 20 years of experience he is responsible to oversees all company accounting practices, financial planning and record-keeping as well as financial reporting to higher management.
He worked in various institutions in different capacities before joining KPFI. He was graduated from Cairo University (Egypt) in 1995 with a Bachelor of Commerce major in Accounting and completed his Certified Management Accountants (CMA) in 2004. He has also attended many academic courses in Finance, Financial Analysis, Internal Control Evaluation and Audit.
Executive Vice President – Compliance
Mr. Essam Al Yousef joined KPFI in July, 2009 as the Chief Risk Management & Compliance Officer. Before joining KPFI, he worked in two reputable companies for about fifteen years in different positions including as the Credit Control Manager in Risk & Compliance Division for about eight years.
He holds Bachelor Degree in Accounting with CPA and MBA from USA, CCAML from Henly London, Corporate Governance Program – London (CCG), a certificate in Certified Operational Risk Management (CORM) and carrying a license in Certified Risk Management & Compliance (CRCMP). He has attended exhaustive training courses in the areas of Finance, Risk management & Business Administration.
Senior Vice President – Business Development & Private Equity
Mr. Abdul-Aziz Al-Jassem joined KPFI in November, 2007 as a Senior Vice President, Business Development. He has an extensive working experience in the International Investments field exceeding 10 years. He has worked for some of the largest Investment companies in Kuwait as well as for companies outside Kuwait.
He holds Bachelor of Science in Business Administration (BSBA) from Sufflok University (U.S.A).
Vice President Local & Regional Investments
Mr. Fahad Al-Osaimi joined KPFI in October, 2013 as a Vice President in the Local & Regional Investments Division. He has a rich experience in the Local & Regional Stock markets through his work with many of the large investment companies in Kuwait. He also has considerable exposure in the field of analysis and trading in the stock market due to his managing many of the private investment portfolios earlier.
Mr. Fahad holds a Bachelor’s degree in Accounting from the College of Business Administration – Kuwait University, in addition to a Certificate of Investment Management (CIM) and has attended many training courses in the field of financial analysis and investment.
Senior Vice President – Compliance
Mr. Mohamed El Sayed joined Kuwait Pillars in December 2011. As Vice President of Compliance Dept., he is responsible for ensuring compliance with relevant laws, regulations and all related regulatory standards. In addition, to confirm, facilitate and take the necessary measures to develop, implement, monitor the regulatory compliance at all levels of the Company’s operations.
He has graduated from Mansoura University (Egypt) in 1998 and he has received many international and professional certificates in the field of corporate governance and compliance.
Vice President – Risk Management
Mr. Suhail joined Kuwait Pillars in September 2018 as Vice President – Risk Management Dep. He holds a bachelor in Financial and Banking Management from the Faculty of Administrative and Financial Sciences – Al Isra Private University – Jordan in 2003. He has an experience in the investment sector since 2004. He started his career in Global Investment House in the Indices and Research Department, then moved to Boubyan Bank in 2012 in the Risk Management Department during which he was responsible for preparing the Stress Test and ICAAP models for the Central Bank of Kuwait.
Vice President – International Investments
Mr. Ahmad Saleh joined KPFI in September 2021 as Vice president – International Investments Department. He is analytical professional with 15+ years in fields of investments, finance and treasury. Mr. Saleh previously held several managerial positions with local investment and holding companies. He has also set on the board of several companies operating in investment banking, real estate, and food and catering.
He holds B.A degree in Finance and Banking from Applied Science University and Master Degree in Banking and Financial Sciences – Financial Management from Arab Academy for Financial and Banking Sciences in Jordan. Mr. Saleh is a certified Valuation Analyst (CVA) from the International Association of Consultants, Valuators and Analysts.
Licensed Activities
- Finance
- Investment Consultant
- Investment Portfolio Manager
- Collective Investment System Manager
- Custodian
- Placement Agent
- Investment Controller