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    Thursday,October 23,2014

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  • Market Indices
    Price: 9700
    Open: 970High: 980
    Low: 970Close: 970
    Volume: 1,147,755
    • Summary
      StatusIndexChange %Volume
      Market Closed6446.80 147,024,745
    • Top Gainers

      Company Chg. % Cur. Price
      NAPESCO8.77620
      SANAM8.6263
      KCIN8.161060
      HCC8.06134
      ASC6.58405
      NSH6.25170
      GGMC6.15690
      CITYGROUP6.02440
      ZIMAH5168
      RKWC4.76132
    • Top Losers
      Company Chg. % Cur. Price
      WINS-7.14130
      UREC-6.25150
      QURAINHLD-5.5634
      POULT-5.21182
      KFOUC-4.29335
      AINS-4.26450
      HITSTELEC-4.1746
      WARBABANK-3.85250
      ARKAN-3.28118
      MASHAER 3-3.26178.533997
    • By Volume
      Company Volume Price
      GFH`R31,107,87532.50
      COAST`R9,660,23382
      ABYAAR`R8,665,38543.50
      KFIN`R7,539,530780
      ALMAL`R7,279,75052
      KSHC`R5,214,45429.50
      WARBABANK`R4,813,352250
      MAYADEEN`R4,517,75347.50
      ALDEERA`R4,071,55221
      ITHMR`R3,963,88149
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Offshore Services

PROTECTING ASSETS WITHOUT RESTRICTING GROWTH

A spread of international holdings is a proven method of reducing risk in today's world of financial, political and economic uncertainty. The ownership structure of these holdings, however, is often as important as their intrinsic value - especially in times of political upheaval or the untimely death of a family leader.

Having a carefully structured offshore trust or personal investment holding company is an effective way of protecting assets without restricting growth. NBK Private Banking in London and Kuwait are able to assist in the structuring of investment holding companies in offshore centers like Jersey, which are economically and politically stable with a sophisticated financial infrastructure that includes international banks, accounting firms and lawyers.

OFFSHORE TRUSTS

The major advantage of offshore trusts is that there are no tax implications on income, capital gains or inheritance tax. As a result, such trusts can offer major savings through effective tax planning. Trusts established with any of our companies are totally confidential.

These benefits are available because of the legal nature of trusts. A trust is established by a written agreement in which an investor appoints a trustee to manage certain assets in the best interests of one or more named beneficiaries. A written Trust Agreement in effect formulates a flexible long-term financial plan detailing:

  • How the assets are to be managed.
  • When distribution of assets will be made.
  • Who will receive these assets.
  • When and under what circumstances such agreement will be ended.
PERSONAL INVESTMENT HOLDING COMPANIES

A well-structured offshore personal holding company can be used to manage assets and income to reduce or eliminate offshore and capital gains taxation. Such a company is subject to either no or minimal local taxes in most offshore locations.

As an incorporated entity, a personal holding company can invest in stocks, term deposits, Eurobonds, Real Estate or any other opportunity with total confidentiality.

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