The world is counting its losses but what about the Middle East? Saudi Arabia is doing quite well considering the situation believes Youssef Al Bassam, the Vice Chairman and Managing Director of the Saudi Fund for Development (SFD).

At a time when many banks were struggling for their survival, BKK achieved remarkable performance by posting BD 27.1 million profit and maintaining liquidity position above 25% of the total assets with capital adequacy ratio above 20%.

Markets across the globe have fallen in October 2008 and GCC markets have not been able to escape this adverse global market impact. Government intervention cannot be avoided for the time being and this has been exemplified in both the United States and Europe.

Delivering innovative, high quality, risk adjusted, and Sharia’a compliant products to the GCC market is no easy task but Tharawat Investment House, a newly established financial institution, has taken on the challenge.