KUWAIT: The Department of Finance and Financial Institutions, in coordination with the General Secretariat of Endowments, held a seminar entitled "Investment Management, Real Estate Investment and Risk Management in Awqaf”, in which Hanan Al-Kandari, Assistant Secretary-General for Investment Affairs, and Sarah Al-Mutairi, Director of Risk Management, Jinan Al-Zamil, Director of the Real Estate Investment Department, participated. The seminar was held at the College of Administrative Sciences Theater.
At the beginning of the seminar, Hanan Al-Kandari touched on the investment and real estate aspect and praised the role of the General Secretariat of Endowments, represented by the Real Estate Investment Department, which manages the 346 properties received and registered with the Real Estate Investment Department, and its annual income of KD 30 million.
She explained about the listed and unlisted companies contributed by the Secretariat and their number inside and outside Kuwait – 9 listed and 19 not listed inside Kuwait - and outside Kuwait 5 listed and 6 unlisted. The companies must be in conformity with the provisions of sharia.
Al-Kandari presented to the public the investment opportunities model, the exit model and the financial analysis model. Sarah Al-Mutairi, Director of Risk Management, expressed the importance of risk management in the investment decision-making process, saying: "It is a very sensitive process surrounded by the possibility of uncertainty of achieving the desired results due to several external factors related to the political and economic conditions and crises, and internal factors related to operational operations.” She added that the main objective of risk management is to notify decision-makers of the risks and surrounding threats that were not referred to in the feasibility study. — KUNA