Gerard Snapian, Vice Chairman of the Board of Directors of Rasameel Investment Company, affirmed that despite the conditions and challenges affecting the national, regional, and global economies, the company was able—thanks to its preparedness—to continue its operations, maintain client engagement, and achieve its planned goals.

Snapian added that the company approached various geopolitical developments in the region with caution, as well as changes in fiscal policies of various countries and monetary policies of central banks worldwide, particularly the U.S. Federal Reserve.

His statements came on the sidelines of the company’s General Assembly, held for the fiscal year ending March 31, 2025, which approved all items on the agenda.

He noted that, through its ongoing strategic planning and ability to adapt to developments, the company achieved success in launching and enhancing its myRasameel platform—designed to align with the latest fintech innovations. 

The platform offers features that provide investors and users with cutting-edge digital solutions, market updates, and insights into local, regional, and global performance, in addition to diverse analytical content across investment sectors.

Snapian explained that during the first half of the previous fiscal year, both the Board of Directors and executive management focused on implementing the company’s strategy aimed at enhancing shareholder value, maintaining its leadership position in the investment sector, and further strengthening its competitive standing in the market.

He pointed out that Rasameel Investment achieved several successes during this period, including investments in startups, support for entrepreneurs, and helping them grow their businesses—delivering value to all stakeholders.

He added that during the second half of the fiscal year, the Board and executive management pursued a growth strategy through a merger with a leading investment company—Kuwait Financial and Investment Company (KFIC).

Snapian emphasized that the merger with KFIC (via consolidation) represents a strategic step to enhance operational efficiency and create added value for shareholders by holding shares in a company listed on Boursa Kuwait. This merger reflects both parties shared vision to capitalize on synergies in activities and expertise—ultimately contributing to increased market share, broader financial services offerings, and long-term operational efficiencies.