The Bank of New York Mellon has been selected by Global Investment House (Global) as depositary bank for its global depositary receipt (GDR) program.
“As we bring our GDRs to the global market, we want the support of the most experienced depositary bank,” says Maha Al-Ghunaim, Chairperson and Managing Director of Global.
“This is a ground-breaking GDR program from Kuwait, and we are pleased to serve as depositary,” says Michael Cole-Fontayn, chief executive officer of The Bank of New York Mellon’s Depositary Receipt Division. “We have extensive experience in pioneering new DR markets and look forward to helping Global elevate its profile internationally.”